* Says identified further 400 million ringgit of cost
reductions in 2017 to offset us dollar strength
Read more
Tuesday, February 28, 2017
Fashion house BCBG Max Azria files for bankruptcy
March 1 (Reuters) - Fashion house BCBG Max Azria Group LLC
filed for bankruptcy protection on Wednesday, the latest
casualty in the struggling U.S. retail sector, as shoppers
abandon malls in favor of internet shopping.
Read more
filed for bankruptcy protection on Wednesday, the latest
casualty in the struggling U.S. retail sector, as shoppers
abandon malls in favor of internet shopping.
Read more
BRIEF-Novo Nordisk replaces head of North America operations
* Says Jakob Riis, executive vice president, head of North
America operations and president of Novo Nordisk Inc. has
resigned from company
Read more
America operations and president of Novo Nordisk Inc. has
resigned from company
Read more
BRIEF-Silicon Labs prices private offering of $350 million of 1.375% convertible senior notes
* Silicon labs announces pricing of private offering of $350
million of 1.375% convertible senior notes
Read more
million of 1.375% convertible senior notes
Read more
BRIEF-CWC Energy Services Q4 revenue rose 12 pct to C$21 mln
* Cwc energy services corp. Announces fourth quarter and
year end 2016 operational and financial results
Read more
year end 2016 operational and financial results
Read more
Japan's Nikkei recovers after Trump's speech but gains limited
TOKYO, March 1 (Reuters) - Japanese stocks recovered from
intraday lows on Wednesday afternoon after U.S. President Donald
Trump's speech to Congress offered few details or surprises on
tax and spending policies.
Read more
intraday lows on Wednesday afternoon after U.S. President Donald
Trump's speech to Congress offered few details or surprises on
tax and spending policies.
Read more
UPDATE 2-GM plans to sell stake in East African unit to Isuzu
Feb 28 (Reuters) - General Motors Co on Tuesday said
it plans to sell its majority ownership stake in General Motors
East Africa to its Japanese partner Isuzu Motors Ltd,
as the U.S. carmaker continues to streamline by exiting non-core
operations.
Read more
it plans to sell its majority ownership stake in General Motors
East Africa to its Japanese partner Isuzu Motors Ltd,
as the U.S. carmaker continues to streamline by exiting non-core
operations.
Read more
Uber CEO says he must 'grow up' after argument with driver
SAN FRANCISCO, Feb 28 (Reuters) - Uber Technologies Inc
Chief Executive Travis Kalanick on Tuesday said it was
time for him to "grow up" and get help after a video was
published showing him getting into an argument with a driver for
the ride service who complained about pay rates.
Read more
Chief Executive Travis Kalanick on Tuesday said it was
time for him to "grow up" and get help after a video was
published showing him getting into an argument with a driver for
the ride service who complained about pay rates.
Read more
San Francisco university lays off IT workers, jobs head to India
SAN FRANCISCO, Feb 28 (Reuters) - The University of
California, San Francisco on Tuesday laid off 49 information
technology (IT) employees and outsourced their work to a company
based in India, ending a year-long process that has brought the
public university under fire.
Read more
California, San Francisco on Tuesday laid off 49 information
technology (IT) employees and outsourced their work to a company
based in India, ending a year-long process that has brought the
public university under fire.
Read more
CORRECTED-UPDATE 4-JPMorgan eyes boosting dividends, buybacks as capital piles up
Feb 28 (Reuters) - No. 1 U.S. bank JPMorgan Chase & Co
may return more money to shareholders than it earns over
the next few years, it forecast on Tuesday, an encouraging sign
for investors who have been waiting for richer dividends and
share repurchases.
Read more
may return more money to shareholders than it earns over
the next few years, it forecast on Tuesday, an encouraging sign
for investors who have been waiting for richer dividends and
share repurchases.
Read more
BRIEF-Amgen announces positive results from planned overall survival analysis of phase 3 head-to-head ENDEAVOR trial
* Announces positive results from planned overall survival
analysis of phase 3 head-to-head ENDEAVOR trial
Read more
analysis of phase 3 head-to-head ENDEAVOR trial
Read more
CORRECTED-COLUMN-Will Takata plea deal kill civil suits against automakers?: Frankel
NEW YORK, Feb 28 (Reuters) - Late this afternoon, the
automakers Honda, Ford, Toyota, Nissan, Mazda and BMW will head
to federal court in Miami to argue that a $1 billion plea
agreement between the U.S. Justice Department and the airbag
maker Takata Corporation should absolve them from liability for
installing dangerous Takata airbags in tens of millions of cars
sold in the U.S.
Read more
automakers Honda, Ford, Toyota, Nissan, Mazda and BMW will head
to federal court in Miami to argue that a $1 billion plea
agreement between the U.S. Justice Department and the airbag
maker Takata Corporation should absolve them from liability for
installing dangerous Takata airbags in tens of millions of cars
sold in the U.S.
Read more
U.S. crowdfunding offers new capital source, SEC finds
WASHINGTON, Feb 28 (Reuters) - U.S. equity crowdfunding
platforms are providing entrepreneurs with a new way of raising
capital, though the number of companies taking advantage of it
and the amount of money being raised are still relatively small,
a new U.S. government study has found.
Read more
platforms are providing entrepreneurs with a new way of raising
capital, though the number of companies taking advantage of it
and the amount of money being raised are still relatively small,
a new U.S. government study has found.
Read more
Canada's Alberta fines Murphy Oil for role in 2015 spill
CALGARY, Alberta, Feb 28 (Reuters) - Canada's oil-rich
province of Alberta has fined a local subsidiary of U.S.-based
Murphy Oil Corp C$172,500 ($130,031) for its role in a
9,000-barrel spill in 2015 that went undetected for more than
six weeks, the provincial energy regulator said on Tuesday.
Read more
province of Alberta has fined a local subsidiary of U.S.-based
Murphy Oil Corp C$172,500 ($130,031) for its role in a
9,000-barrel spill in 2015 that went undetected for more than
six weeks, the provincial energy regulator said on Tuesday.
Read more
BRIEF-Amazon's AWS says identified high error rates with S3 web service
* Amazon.com Inc's AWS says "investigating increased error
rates for Amazon S3 requests in the US-EAST-1 region" - website
Read more
rates for Amazon S3 requests in the US-EAST-1 region" - website
Read more
BRIEF-Ryohin Keikaku likely earned group operating profit for year through Feb of 38 bln yen - Nikkei
* Ryohin Keikaku Co Ltd's revenue from operations for year
through Feb, likely fell short with growth of 9% to roughly 334
billion yen - Nikkei
Read more
through Feb, likely fell short with growth of 9% to roughly 334
billion yen - Nikkei
Read more
BRIEF-Exxon Mobil files for proposed resale of up to 68.2 mln shares of co's common stock
* Exxon Mobil files proposed resale or other
disposition of up to 68.2 million shares of co's common stock -
SEC filing
Read more
disposition of up to 68.2 million shares of co's common stock -
SEC filing
Read more
US STOCKS-Wall St slips ahead of Trump's address to Congress
* Indexes down: Dow flat, S&P 0.10 pct, Nasdaq 0.3 pct
(Adds details, comments, updates prices)
Read more
(Adds details, comments, updates prices)
Read more
Transcanada's U.S. Keystone XL lawsuit suspended -arbitration court
CALGARY, Alberta, Feb 28 (Reuters) - Transcanada Corp's
legal challenge against the United States over the
proposed Keystone XL pipeline project's past rejection has been
suspended for one month, the website of the International Centre
for the Settlement of Investment Disputes showed on Tuesday.
Read more
legal challenge against the United States over the
proposed Keystone XL pipeline project's past rejection has been
suspended for one month, the website of the International Centre
for the Settlement of Investment Disputes showed on Tuesday.
Read more
Millions face benefits cut-off in South African service-provider row
CAPE TOWN, Feb 28 (Reuters) - Millions of South Africa's
most vulnerable people, including the disabled and the old, are
in danger of missing their social security payments because of a
service-provider dispute, setting the government racing to meet
an April 1 deadline.
Read more
most vulnerable people, including the disabled and the old, are
in danger of missing their social security payments because of a
service-provider dispute, setting the government racing to meet
an April 1 deadline.
Read more
BRIEF-Charles Schwab Corp says it will reduce its standard online equity and ETF trade commissions from $6.95 to $4.95 effective March 3, 2017
* Charles Schwab Corp says it will reduce its standard
online equity and ETF trade commissions from $6.95 to $4.95
effective March 3, 2017
Read more
online equity and ETF trade commissions from $6.95 to $4.95
effective March 3, 2017
Read more
Unilever proposes changes to how directors are paid
LONDON, Feb 28 (Reuters) - Unilever on
Tuesday proposed changes to how it pays executive directors that
it says are meant to ensure alignment with long-term shareholder
value creation.
Read more
Tuesday proposed changes to how it pays executive directors that
it says are meant to ensure alignment with long-term shareholder
value creation.
Read more
FDA to expedite review of Teva drug for movement disorder
TEL AVIV, Feb 28 (Reuters) - Israel-based Teva
Pharmaceutical Industries said on Tuesday the U.S. Food
and Drug Administration (FDA) has granted "priority review" for
its SD-809 drug to treat tardive dyskinesia with a target date
for approval by Aug. 30.
Read more
Pharmaceutical Industries said on Tuesday the U.S. Food
and Drug Administration (FDA) has granted "priority review" for
its SD-809 drug to treat tardive dyskinesia with a target date
for approval by Aug. 30.
Read more
UPDATE 1-Kite Pharma's cancer drug clears main goal in study
Feb 28 (Reuters) - Kite Pharma Inc said on Tuesday
its experimental CAR T-cell therapy, which helps the immune
system fight cancer, was highly effective in treating aggressive
non-Hodgkin lymphoma, meeting the main goal of a key study.
Read more
its experimental CAR T-cell therapy, which helps the immune
system fight cancer, was highly effective in treating aggressive
non-Hodgkin lymphoma, meeting the main goal of a key study.
Read more
Target Q4 same-store sales drop more than expected
Feb 28 (Reuters) - Target Corp reported a
steeper-than-expected decline in quarterly same-store sales on
Tuesday, highlighting the retailer's struggles in the holiday
season.
Read more
steeper-than-expected decline in quarterly same-store sales on
Tuesday, highlighting the retailer's struggles in the holiday
season.
Read more
Deals of the day-Mergers and acquisitions
Feb 28 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1030 GMT on Tuesday:
Read more
and disposals were reported by 1030 GMT on Tuesday:
Read more
Earnings underpin European equities, STOXX set for monthly gain
LONDON, Feb 28 (Reuters) - European equities steadied on
Tuesday, with a rally in shares of companies such as GKN
and Meggitt following their encouraging results offset
by weaker miners.
Read more
Tuesday, with a rally in shares of companies such as GKN
and Meggitt following their encouraging results offset
by weaker miners.
Read more
UPDATE 3-Malaysia to charge women with airport murder of North Korean
KUALA LUMPUR, Feb 28 (Reuters) - Two women - an Indonesian
and a Vietnamese - will be charged on Wednesday with murder over
the killing in Malaysia of the estranged half-brother of North
Korea's leader, Malaysia's attorney general said.
Read more
and a Vietnamese - will be charged on Wednesday with murder over
the killing in Malaysia of the estranged half-brother of North
Korea's leader, Malaysia's attorney general said.
Read more
Roche to start new trial of AC Immune drug against Alzheimer's
ZURICH, Feb 28 (Reuters) - Roche is starting a
second late-stage trial of investigational Alzheimer's drug
crenezumab that it is developing with Swiss biotech AC Immune
, shrugging off failures of similar drugs against the
memory-robbing disease.
Read more
second late-stage trial of investigational Alzheimer's drug
crenezumab that it is developing with Swiss biotech AC Immune
, shrugging off failures of similar drugs against the
memory-robbing disease.
Read more
Frontline says DHT Holdings rejects improved offer
OSLO, Feb 28 (Reuters) - Tanker firm Frontline said
on Tuesday it had made a higher and final offer for rival DHT
Holdings which was rejected.
Read more
on Tuesday it had made a higher and final offer for rival DHT
Holdings which was rejected.
Read more
Monday, February 27, 2017
BRIEF-Vestas receives 348 MW U.S. wind turbine order
* It has received a firm and unconditional order in the
United States comprising 174 V110-2.0 megawatt (MW) turbines,
totalling 348 MW
Read more
United States comprising 174 V110-2.0 megawatt (MW) turbines,
totalling 348 MW
Read more
Nikkei edges up, mood cautious before Trump's speech
TOKYO, Feb 28 (Reuters) - Japan's Nikkei share average edged
up on Tuesday after U.S. stocks rose, but gains were limited as
the market awaited a speech by U.S. President Donald Trump for
details of his infrastructure spending and tax plans to
Congress.
Read more
up on Tuesday after U.S. stocks rose, but gains were limited as
the market awaited a speech by U.S. President Donald Trump for
details of his infrastructure spending and tax plans to
Congress.
Read more
BRIEF-Egide completion of the acquisition of Santier in the USA
* Egide: completion of the acquisition of Santier in the USA
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
Morning News Call - India, February 28
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02282017.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
FACTORS TO WATCH
10:45 am: Economic Affairs Secretary Shaktikanta Das and OECD
Secretary-General Angel Gurria to launch OECD Economic survey of India at an
event in New Delhi.
11:30 am: Civil Aviation Minist
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02282017.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
FACTORS TO WATCH
10:45 am: Economic Affairs Secretary Shaktikanta Das and OECD
Secretary-General Angel Gurria to launch OECD Economic survey of India at an
event in New Delhi.
11:30 am: Civil Aviation Minist
Read more
UPDATE 2-Icahn representative to several corporate boards has left hedge fund
Feb 27 (Reuters) - Samuel Merksamer, who represents
billionaire Carl Icahn on several corporate boards, has exited
the activist investor's hedge fund firm, and it was unclear on
Monday how Icahn's interests will be represented at those
companies going forward.
Read more
billionaire Carl Icahn on several corporate boards, has exited
the activist investor's hedge fund firm, and it was unclear on
Monday how Icahn's interests will be represented at those
companies going forward.
Read more
PRESS DIGEST- Financial Times - Feb 28
Feb 28 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
BRIEF-Canada's British Columbia approves Transcanada Towerbirch project
* Has approved Towerbirch natural gas pipeline expansion
project by a Transcanada Corp subsidiary
Read more
project by a Transcanada Corp subsidiary
Read more
UPDATE 1-Judge certifies NY class action over big debt collector's high rates
Feb 27 (Reuters) - A federal judge on Monday certified a
class-action lawsuit accusing the big U.S. debt collector
Midland Funding LLC of violating New York usury laws by charging
thousands of struggling borrowers interest rates above 25
percent when trying to collect.
Read more
class-action lawsuit accusing the big U.S. debt collector
Midland Funding LLC of violating New York usury laws by charging
thousands of struggling borrowers interest rates above 25
percent when trying to collect.
Read more
Morgan Stanley gave some clients incorrect tax information
Feb 27 (Reuters) - Morgan Stanley gave some wealth
management clients incorrect information on taxes that caused
some to underpay and others to overpay, according to a
regulatory filing on Monday.
Read more
management clients incorrect information on taxes that caused
some to underpay and others to overpay, according to a
regulatory filing on Monday.
Read more
BRIEF-Canadian Imperial Bank Of Commerce files for debt shelf of up to $ 6 bln
* Canadian Imperial Bank Of Commerce files for debt shelf of
up to $ 6 billion
Source text: (http://bit.ly/2lsfjkG)
Further company coverage:
Read more
up to $ 6 billion
Source text: (http://bit.ly/2lsfjkG)
Further company coverage:
Read more
BRIEF-Great Western Bancorp elects three members to its board
* Great Western Bancorp Inc elects three members to its
board of directors and conducts other business
Read more
board of directors and conducts other business
Read more
BRIEF-Apple Hospitality qtrly EPS $ 0.19
* Apple hospitality reit reports results of operations for
fourth quarter and full year 2016
Read more
fourth quarter and full year 2016
Read more
BRIEF-Genuine Parts says Executive Chairman's 2016 total compensation was $9.2 mln
* Exec Chairman Thomas C. Gallagher's 2016 total
compensation was $9.2 million versus $6.2 million in 2015 - SEC
filing
Source text (http://bit.ly/2lP6ORA)
Further company coverage:
Read more
compensation was $9.2 million versus $6.2 million in 2015 - SEC
filing
Source text (http://bit.ly/2lP6ORA)
Further company coverage:
Read more
UPDATE 1-U.S. justices skeptical of sex offender social media ban
WASHINGTON, Feb 27 (Reuters) - The U.S. Supreme Court on
Monday appeared poised to strike down a North Carolina law
barring convicted sex offenders from Facebook and other social
media services, with justices noting the expansive role such
online tools play in today's society.
Read more
Monday appeared poised to strike down a North Carolina law
barring convicted sex offenders from Facebook and other social
media services, with justices noting the expansive role such
online tools play in today's society.
Read more
J&J says kept drug price increases below 10 pct since 2012
NEW YORK, Feb 27 (Reuters) - Johnson & Johnson on
Monday said the average list price of its drugs rose less than
10 percent each year since 2012, noting that the net price paid
for the drugs, which includes discounts and rebates, was
significantly lower.
Read more
Monday said the average list price of its drugs rose less than
10 percent each year since 2012, noting that the net price paid
for the drugs, which includes discounts and rebates, was
significantly lower.
Read more
Manulife says was unnamed bank fined by watchdog
TORONTO, Feb 27 (Reuters) - Manulife Financial Corp
said on Monday its banking subsidiary was fined by Canada's
financial intelligence agency last year for what Manulife
described as administrative lapses in reporting financial
transactions.
Read more
said on Monday its banking subsidiary was fined by Canada's
financial intelligence agency last year for what Manulife
described as administrative lapses in reporting financial
transactions.
Read more
BRIEF-Panasonic to set up co overseeing Chinese home appliances operations - Nikkei
* Panasonic will set up in Zhejiang province a company
overseeing its Chinese home appliances operations - Nikkei
Read more
overseeing its Chinese home appliances operations - Nikkei
Read more
BRIEF-Google says users can pre-register for games coming to Play Store
* Starting Feb 27, users can pre-register for even more
games coming soon to the Google Play Store
Source text: (http://bit.ly/2mDFmpi)
Further company coverage:
(Bengaluru Newsroom: +91 806 749 1136)
Read more
games coming soon to the Google Play Store
Source text: (http://bit.ly/2mDFmpi)
Further company coverage:
(Bengaluru Newsroom: +91 806 749 1136)
Read more
Albemarle's Chilean lithium plant partially closed after storm
SANTIAGO, Feb 27 (Reuters) - A lithium plant at Albemarle's
operations in northern Chile was operating partially on Monday
after the firm evacuated workers due to heavy weekend rains, the
company told Reuters.
Read more
operations in northern Chile was operating partially on Monday
after the firm evacuated workers due to heavy weekend rains, the
company told Reuters.
Read more
MOVES-Amia Capital makes two more appointments, bringing ex-BTG staff to 12
LONDON, Feb 27 (Reuters) - New hedge fund Amia Capital, led
by the former chief investment officer at Brazilian financial
services group BTG Pactual's global macro fund, has
made two new appointments and now employs 12 former BTG staff,
according to a source close to the matter.
Read more
by the former chief investment officer at Brazilian financial
services group BTG Pactual's global macro fund, has
made two new appointments and now employs 12 former BTG staff,
according to a source close to the matter.
Read more
CORRECTED-UPDATE 1-Oil and gas producer Apache to spend 63.2 pct more this year
Feb 23 (Reuters) - Oil and gas producer Apache Corp
said it would spend 63.2 percent more in 2017 than it did last
year, joining a growing list of U.S. shale producers who are
ramping up spending to take advantage of a recovery in oil
prices.
Read more
said it would spend 63.2 percent more in 2017 than it did last
year, joining a growing list of U.S. shale producers who are
ramping up spending to take advantage of a recovery in oil
prices.
Read more
MOVES-Marketaxess names Christophe Roupie head of Europe, Asia
Feb 27 (Reuters) - U.S. financial information provider
Marketaxess Holdings Inc said on Monday it would
appoint Christophe Roupie as head of Europe and Asia for its
Europe and Trax divisions.
Read more
Marketaxess Holdings Inc said on Monday it would
appoint Christophe Roupie as head of Europe and Asia for its
Europe and Trax divisions.
Read more
UPDATE 1-Early Oscars ratings show fewer viewers than last year -Nielsen
Feb 27 (Reuters) - ABC's Sunday night broadcast of the 89th
Academy Awards drew a 22.4 overnight rating, down 4 percent from
last year's low-rated show, according to Nielsen data released
by the Walt Disney Co unit.
Read more
Academy Awards drew a 22.4 overnight rating, down 4 percent from
last year's low-rated show, according to Nielsen data released
by the Walt Disney Co unit.
Read more
UPDATE 1-Sterling hits 12-day low as Brexit jitters return
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv
(Updates story)
Read more
(Updates story)
Read more
US STOCKS SNAPSHOT-Wall St opens lower as tech stocks drag
Feb 27 (Reuters) - U.S. stocks opened lower on Monday as
technology stocks declined and investors took a breather to
assess Wall Street's recent record-setting run.
Read more
technology stocks declined and investors took a breather to
assess Wall Street's recent record-setting run.
Read more
BRIEF-Textron files for potential notes offering due 2027 - SEC filing
* Files for potential notes offering due 2027; size not
disclosed - sec filing
Source text - http://bit.ly/2m2t9gX
Further company coverage:
Read more
disclosed - sec filing
Source text - http://bit.ly/2m2t9gX
Further company coverage:
Read more
BRIEF-EDAP TMS SA says first prostate ablation treatments performed at University Of Minnesota using company's Ablatherm Robotic HIFU
* EDAP TMS SA- first prostate ablation treatments performed
at University of Minnesota, Minneapolis, using company's
FDA-cleared Ablatherm Robotic HIFU
Source text for Eikon:
Further company coverage:
Read more
at University of Minnesota, Minneapolis, using company's
FDA-cleared Ablatherm Robotic HIFU
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Bluejay Diagnostics says research deal with Hitachi Chemical
* Bluejay Diagnostics announced collaborative clinical
research agreement with Hitachi Chemical to develop a
non-invasive, point-of-care test
Source text for Eikon:
Further company coverage:
(Bangalore.newsroom@thomsonreuters.com)
Read more
research agreement with Hitachi Chemical to develop a
non-invasive, point-of-care test
Source text for Eikon:
Further company coverage:
(Bangalore.newsroom@thomsonreuters.com)
Read more
BRIEF-Tamarack Valley Energy reports 43 pct increase in proved producing reserves
* Tamarack Valley Energy Ltd. announces a 43 pct increase in
proved developed producing reserves and an operational update
Read more
proved developed producing reserves and an operational update
Read more
CEE MARKETS-Budapest stocks rise ahead of data, central bank meeting
* Budapest stocks rebound after sharp fall from record high
* CEE equities mostly tread water as data-heavy week starts
* Crown touches 12-day high in 12-month forward implied rate
By Sandor Peto
BUDAPEST, Feb 27 (Reuters) - Hungarian stocks rebounded on
Monday after two days of retreat from record highs for
Budapest's main stock index, in the first session of a
week loaded with economic data releases.
Stocks in most of the European Union's emerging markets
traded flat a
Read more
* CEE equities mostly tread water as data-heavy week starts
* Crown touches 12-day high in 12-month forward implied rate
By Sandor Peto
BUDAPEST, Feb 27 (Reuters) - Hungarian stocks rebounded on
Monday after two days of retreat from record highs for
Budapest's main stock index, in the first session of a
week loaded with economic data releases.
Stocks in most of the European Union's emerging markets
traded flat a
Read more
Malaysia's Petronas, Saudi Aramco to enter $7 bln oil refinery deal
KUALA LUMPUR, Feb 27 (Reuters) - Malaysia's Prime Minister
Najib Razak announced on Monday that Saudi Arabia's state oil
company will invest $7 billion into an oil refinery to be set up
by Malaysian oil company Petroliam Nasional Bhd (Petronas).
Read more
Najib Razak announced on Monday that Saudi Arabia's state oil
company will invest $7 billion into an oil refinery to be set up
by Malaysian oil company Petroliam Nasional Bhd (Petronas).
Read more
BRIEF-Westinghouse to supply OKG with nuclear fuel until 2030
* Westinghouse - Under terms of contract, Westinghouse will
continue to provide reload fuel assemblies for remaining
Oskarshamn 3 unit until 2030.
Read more
continue to provide reload fuel assemblies for remaining
Oskarshamn 3 unit until 2030.
Read more
Russia finmin will offer OFZ bonds for households in April
SOCHI, Russia, Feb 27 (Reuters) - Russia's finance ministry
will start selling rouble treasury bonds for households in
April, Finance Minister Anton Siluanov said on Monday.
Read more
will start selling rouble treasury bonds for households in
April, Finance Minister Anton Siluanov said on Monday.
Read more
Sunday, February 26, 2017
BRIEF-Cadila Healthcare says Zydus' unit gets FDA nod for influenza drug
* Says Zydus' Nesher Pharmaceuticals receives final approval
from USFDA for oseltamivir phosphate capsules
Read more
from USFDA for oseltamivir phosphate capsules
Read more
UPDATE 1-Viola Davis wins first Oscar for 'Fences'
LOS ANGELES, Feb 26 (Reuters) - Viola Davis won her first
Oscar on Sunday for her supporting role as a long-suffering
housewife in the African-American family drama "Fences."
Read more
Oscar on Sunday for her supporting role as a long-suffering
housewife in the African-American family drama "Fences."
Read more
UPDATE 1-Disney's 'Zootopia' wins Oscar for best animated film
LOS ANGELES, Feb 26 (Reuters) - Animal cartoon "Zootopia,"
an exploration of bias through the comedic story of a bunny who
becomes a police officer, won the Academy Award on Sunday for
best animated feature film.
Read more
an exploration of bias through the comedic story of a bunny who
becomes a police officer, won the Academy Award on Sunday for
best animated feature film.
Read more
PRESS DIGEST- British Business - Feb 27
Feb 27 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
PRESS DIGEST- Financial Times - Feb 27
Feb 27 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
UPDATE 1-SoftBank nears deal to invest $3 bln in U.S. startup WeWork - CNBC
TOKYO, Feb 27 (Reuters) - Japan's SoftBank Group Corp
is close to finalising an investment in U.S.
office-sharing startup WeWork, in a deal expected to be worth
over $3 billion, CNBC reported on Monday.
Read more
is close to finalising an investment in U.S.
office-sharing startup WeWork, in a deal expected to be worth
over $3 billion, CNBC reported on Monday.
Read more
GLOBAL MARKETS-Asian stocks seen weak on U.S. cues; bonds eyed
HONG KONG, Feb 27 (Reuters) - Asian stocks look set to edge
lower for a second day on Monday as weak cues from U.S. share
markets and declining European government bond yields on
political worries push investors to take profits after a recent
rally.
Read more
lower for a second day on Monday as weak cues from U.S. share
markets and declining European government bond yields on
political worries push investors to take profits after a recent
rally.
Read more
BRIEF-SoftBank Group set to invest more than $3 bln in WeWork - CNBC
* Softbank Group Corp set to invest more than $3 billion in
WeWork - CNBC, citing a source
Source text : http://cnb.cx/2lVk0X5
Further company coverage:
Read more
WeWork - CNBC, citing a source
Source text : http://cnb.cx/2lVk0X5
Further company coverage:
Read more
Trump administration re-evaluating self-driving car guidance
WASHINGTON, Feb 26 (Reuters) - U.S. Transportation Secretary
Elaine Chao said on Sunday she was reviewing self-driving
vehicle guidance issued by the Obama administration and urged
companies to explain the benefits of automated vehicles to a
skeptical public.
Read more
Elaine Chao said on Sunday she was reviewing self-driving
vehicle guidance issued by the Obama administration and urged
companies to explain the benefits of automated vehicles to a
skeptical public.
Read more
Global Payments stock could rise 15 percent -Barron's
NEW YORK, Feb 26 (Reuters) - The stock of payment processing
company Global Payments Inc could rise by 15 percent to
$90 in the year ahead as revenue and profits increase, according
to Barron's.
Read more
company Global Payments Inc could rise by 15 percent to
$90 in the year ahead as revenue and profits increase, according
to Barron's.
Read more
Transocean's stock could surge with $60 oil -Barron's
NEW YORK, Feb 26 (Reuters) - Shares of Transocean Ltd
could rise more than 35 percent in the next year or two
if oil prices top $60 a barrel, Barron's said in an article on
Sunday.
Read more
could rise more than 35 percent in the next year or two
if oil prices top $60 a barrel, Barron's said in an article on
Sunday.
Read more
Slowing sales, strong dollar could hit Harley stock -Barron's
NEW YORK, Feb 26 (Reuters) - Slowing sales could cause
shares of Harley-Davidson Inc. to decline after being on
the rise for much of the past 12 months, according to a Barron's
cover story dated Feb. 27.
Read more
shares of Harley-Davidson Inc. to decline after being on
the rise for much of the past 12 months, according to a Barron's
cover story dated Feb. 27.
Read more
UPDATE 1-Wall St Week Ahead-Record-setting stock rally faces test in Trump speech
NEW YORK, Feb 24 (Reuters) - U.S. President Donald Trump's
planned economic agenda has fanned the flames for Wall Street's
record-setting run, but some investors worry that his first
major address to Congress next week risks dousing it if his
plans look slow to execute or are overly vague.
Read more
planned economic agenda has fanned the flames for Wall Street's
record-setting run, but some investors worry that his first
major address to Congress next week risks dousing it if his
plans look slow to execute or are overly vague.
Read more
UPDATE 1-Soccer-United's Ibrahimovic strikes twice to win League Cup
LONDON, Feb 26 (Reuters) - Manchester United forward Zlatan Ibrahimovic struck twice including a late headed winner as they edged Southampton 3-2 in an absorbing League Cup final at Wembley on Sunday.
Read more
Read more
UPDATE 1-Nokia goes back to the future with 49 euro phone
* Devices announced by Nokia and brand licensing partner HMD
(Adds detail, background, comments)
Read more
(Adds detail, background, comments)
Read more
Nokia goes back to the future with 49 euro feature phone
BARCELONA, Spain, Feb 26 (Reuters) - Nokia's
newly revitalised phone business went back to the future on
Sunday, re-introducing a brightly coloured version of the
best-selling phone of 2000.
Read more
newly revitalised phone business went back to the future on
Sunday, re-introducing a brightly coloured version of the
best-selling phone of 2000.
Read more
CORRECTED-INSIGHT-Treason charges against Russian cyber experts linked to 7-year-old accusations
MOSCOW, Feb 26 (Reuters) - Treason charges brought in
December against two Russian state security officers and a
cyber-security expert in Moscow relate to allegations made by a
Russian businessman seven years ago, according to the
businessman and a source connected with the investigation.
Read more
December against two Russian state security officers and a
cyber-security expert in Moscow relate to allegations made by a
Russian businessman seven years ago, according to the
businessman and a source connected with the investigation.
Read more
UPDATE 1-Nokia sees growth opportunities in networks market
BARCELONA, Feb 26 (Reuters) - Nokia sees demand
for higher speed 4G network equipment starting to recover this
year, led by Japan, the company's chief executive Rajeev Suri
said on Sunday as he announced a series of contracts with
telecom operators.
Read more
for higher speed 4G network equipment starting to recover this
year, led by Japan, the company's chief executive Rajeev Suri
said on Sunday as he announced a series of contracts with
telecom operators.
Read more
Huawei seeks to exploit Samsung gap with new smartphone
BARCELONA, Feb 26 (Reuters) - Huawei is introducing
a mass-market version of its premium business phone, to take
advantage of a gap created by the withdrawal of Samsung's
flagship Galaxy Note 7 after a crisis with its
batteries catching fire.
Read more
a mass-market version of its premium business phone, to take
advantage of a gap created by the withdrawal of Samsung's
flagship Galaxy Note 7 after a crisis with its
batteries catching fire.
Read more
UPDATE 1-Doping-Farah coach used prohibited drug infusions, says newspaper
Feb 26 (Reuters) - Alberto Salazar, the coach of Britain's Olympic champion Mo Farah, has been accused of using prohibited infusions of supplements to improve the performance of his runners, the Sunday Times reported citing a leaked United States Anti-Doping Agency (USADA) report.
Read more
Read more
Iran's Rouhani chides critics as aide says he will seek re-election
DUBAI, Feb 26 (Reuters) - President Hassan Rouhani on Sunday
accused his hardline critics of wanting to deprive Iranians of
the basic joys of life and isolate the country, as an aide said
he had decided to run for a second term, state media reported.
Read more
accused his hardline critics of wanting to deprive Iranians of
the basic joys of life and isolate the country, as an aide said
he had decided to run for a second term, state media reported.
Read more
BRIEF-Qatar Electricity and Water says unit to acquire BTU Power's stake in three companies
* Unit Nebras Power to acquire BTU Power's stake in Asia
Gulf Power, Asia Gulf Power Service and BTU Rades for $93
million
Read more
Gulf Power, Asia Gulf Power Service and BTU Rades for $93
million
Read more
Google's digital assistant comes to new Android phones
Feb 26 (Reuters) - Alphabet Inc’s Google announced
on Sunday that it will bring its digital assistant to
smartphones running the latest versions of its Android operating
system, vastly expanding its reach.
Read more
on Sunday that it will bring its digital assistant to
smartphones running the latest versions of its Android operating
system, vastly expanding its reach.
Read more
China securities regulator to focus on stability, reform
BEIJING, Feb 26 (Reuters) - China will focus on stable
development of its capital markets this year, but will press
ahead to further open its markets to foreign companies, the top
securities regulator said on Sunday.
Read more
development of its capital markets this year, but will press
ahead to further open its markets to foreign companies, the top
securities regulator said on Sunday.
Read more
Saturday, February 25, 2017
BRIEF-Berkshire says Lubrizol unit took $365 mln pretax loss related to underperforming busniess
* Berkshire hathaway says its lubrizol specialty chemicals
unit took $365 million pretax loss related to q4 disposition of
an underperforming business--annual report
Read more
unit took $365 million pretax loss related to q4 disposition of
an underperforming business--annual report
Read more
TCL carries flickering BlackBerry flame with new phone launch
BARCELONA, Spain, Feb 25 (Reuters) - Blackberry Ltd
may have exited the device business, but fans of the pioneering
email machine need not despair as Chinese smartphone maker TCL
Communication has introduced its first
Blackberry-licensed phone with the physical keyboard that was
long its key allure.
Read more
may have exited the device business, but fans of the pioneering
email machine need not despair as Chinese smartphone maker TCL
Communication has introduced its first
Blackberry-licensed phone with the physical keyboard that was
long its key allure.
Read more
Buffett scorns tricky Wall Street accounting, but defends buybacks
NEW YORK, Feb 25 (Reuters) - Billionaire investor Warren
Buffett on Saturday attacked what he saw as tricks used by U.S.
companies to boost earnings and stock prices, but he defended
one oft-criticized practice: share buybacks.
Read more
Buffett on Saturday attacked what he saw as tricks used by U.S.
companies to boost earnings and stock prices, but he defended
one oft-criticized practice: share buybacks.
Read more
Buffett calls Clayton Homes unit 'best-in-class' despite critics
Feb 25 (Reuters) - Warren Buffett on Saturday used part of
his annual letter to Berkshire Hathaway Inc
shareholders to defend the businesses practices of one of his
conglomerate's lesser-known but more controversial operating
units: Clayton Homes.
Read more
his annual letter to Berkshire Hathaway Inc
shareholders to defend the businesses practices of one of his
conglomerate's lesser-known but more controversial operating
units: Clayton Homes.
Read more
That $56 bln was here somewhere: Berkshire revises cash stake disclosure
Feb 25 (Reuters) - Berkshire Hathaway Inc
shareholders might have been forgiven on Saturday for looking at
the company's annual report and wondering why some $56 billion
of cash appeared to vanish.
Read more
shareholders might have been forgiven on Saturday for looking at
the company's annual report and wondering why some $56 billion
of cash appeared to vanish.
Read more
Buffett mulls change to canny Bank of America stake if dividend rises
Feb 25 (Reuters) - Warren Buffett said on Saturday he plans
to stick with the shrewd bet that his Berkshire Hathaway Inc
made on Bank of America Corp, but might
eventually swap the preferred stock that Berkshire owns into
common stock.
Read more
to stick with the shrewd bet that his Berkshire Hathaway Inc
made on Bank of America Corp, but might
eventually swap the preferred stock that Berkshire owns into
common stock.
Read more
UPDATE 1-Berkshire Hathaway gains $1.6 bln from its huge bite of Apple
NEW YORK, Feb 25 (Reuters) - Warren Buffett's Berkshire
Hathaway Inc is sitting on more than $1.6 billion of
gains in its investment in Apple Inc. after shares of
the iPhone maker surged.
Read more
Hathaway Inc is sitting on more than $1.6 billion of
gains in its investment in Apple Inc. after shares of
the iPhone maker surged.
Read more
UPDATE 2-Buffett upbeat on American business; Berkshire operating profit down
Feb 25 (Reuters) - Warren Buffett on Saturday mounted a
forceful and upbeat defense of the prospects for American
business, as his Berkshire Hathaway Inc reported a
higher quarterly profit though operating income fell.
Read more
forceful and upbeat defense of the prospects for American
business, as his Berkshire Hathaway Inc reported a
higher quarterly profit though operating income fell.
Read more
WRAPUP 2-Warren Buffett urges investors to stick with index funds
NEW YORK, Feb 25 (Reuters) - Billionaire Warren Buffett,
whose stock picks over several decades have turned Berkshire
Hathaway Inc into one of the most successful
conglomerates, delivered another black eye to the investment
management industry on Saturday, saying investors should "stick
with low-cost index funds."
Read more
whose stock picks over several decades have turned Berkshire
Hathaway Inc into one of the most successful
conglomerates, delivered another black eye to the investment
management industry on Saturday, saying investors should "stick
with low-cost index funds."
Read more
BRIEF-Warren Buffett discusses various themes in Berkshire annual letter
Feb 25 (Reuters) - Warren Buffett says American business,
and thus a basket of stocks, is virtually certain to be worth
far more in years ahead. In his letter to Berkshire Hathaway Inc
shareholders:
Read more
and thus a basket of stocks, is virtually certain to be worth
far more in years ahead. In his letter to Berkshire Hathaway Inc
shareholders:
Read more
Berkshire Hathaway gains $1.6 bln from its huge bite of Apple
NEW YORK, Feb 25 (Reuters) - Berkshire Hathaway Inc's
gain on its investment in Apple Inc. stands at
more than $1.6 billion after shares of the iPhone maker surged.
Read more
gain on its investment in Apple Inc. stands at
more than $1.6 billion after shares of the iPhone maker surged.
Read more
Sweden to draft new bank tax, not sure if ready before 2018 election
STOCKHOLM, Feb 25 (Reuters) - Sweden's government will draft
a new bank tax proposal after scrapping its initial plan, but it
is unclear if the new bill will be ready before the 2018
election, Finance Minister Magdalena Andersson said on Saturday.
Read more
a new bank tax proposal after scrapping its initial plan, but it
is unclear if the new bill will be ready before the 2018
election, Finance Minister Magdalena Andersson said on Saturday.
Read more
FEATURE-Dakota protesters regroup, plot resistance to other pipelines
CANNON BALL, N.D., Feb 25 (Reuters) - Opponents of the
Dakota Access Pipeline who were pushed out of their protest camp
this week have vowed to keep up efforts to stop the
multibillion-dollar project and take the fight to other
pipelines as well.
Read more
Dakota Access Pipeline who were pushed out of their protest camp
this week have vowed to keep up efforts to stop the
multibillion-dollar project and take the fight to other
pipelines as well.
Read more
Stada says starts due diligence in M&A process
FRANKFURT, Feb 25 (Reuters) - German generic drugs maker
Stada Arzneimittel said on Saturday it had started a
structured bidding process after receiving takeover bids from
three buyout groups.
Read more
Stada Arzneimittel said on Saturday it had started a
structured bidding process after receiving takeover bids from
three buyout groups.
Read more
UPDATE 1-Pfizer subpoenaed in U.S. over patient assistance plans
Feb 24 (Reuters) - Pfizer Inc said it received
subpoenas from the U.S. Attorney's Office for the District of
Massachusetts related to its support for organizations that
provide financial help to Medicare patients.
Read more
subpoenas from the U.S. Attorney's Office for the District of
Massachusetts related to its support for organizations that
provide financial help to Medicare patients.
Read more
Friday, February 24, 2017
Soccer-Argentina player strike call overshadows AFA meeting
BUENOS AIRES, Feb 24 (Reuters) - A strike called by Argentine soccer players over unpaid wages overshadowed Friday's meeting of the country's Football Association (AFA), which was aimed at paving the way for the resumption of the league championships.
Read more
Read more
BRIEF-Seair announces default on senior debt
* Seair Inc - defaulted on terms of its senior debt senior debt and is currently in
negotiations with its creditors to develop a restructuring plan
Read more
negotiations with its creditors to develop a restructuring plan
Read more
Citi says U.S. regulators are investigating its hiring practices
Feb 24 (Reuters) - Citigroup Inc on Friday said that
U.S. government and regulatory agencies are investigating the
bank's hiring practices.
Read more
U.S. government and regulatory agencies are investigating the
bank's hiring practices.
Read more
BRIEF-PNM Resources sets regular quarterly dividend of $0.2425 per share
* Sets regular quarterly dividend of $0.2425 per share
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Apple Inc director Albert Gore Jr sells 215,437 shares of co's common stock on Feb 22
* Apple Inc director Albert Gore Jr reports sale of 215,437
shares of co's common stock on Feb 22 at $136.72 per share - SEC
filing
Source text: (http://bit.ly/2lT6h3z)
Further company coverage:
Read more
shares of co's common stock on Feb 22 at $136.72 per share - SEC
filing
Source text: (http://bit.ly/2lT6h3z)
Further company coverage:
Read more
Pfizer subpoenaed in U.S. over patient assistance plans
Feb 24 (Reuters) - Pfizer Inc on Thursday said it
received subpoenas from the U.S. Attorney's Office for the
District of Massachusetts related to the drugmaker's support for
organizations that provide financial help to Medicare patients.
Read more
received subpoenas from the U.S. Attorney's Office for the
District of Massachusetts related to the drugmaker's support for
organizations that provide financial help to Medicare patients.
Read more
Brazil faces almost lost decade due to crisis -economists
SÃO PAULO, Feb 24 (Reuters) - Brazil is likely to suffer
nearly a lost decade of economic development with living
standards not returning to pre-crisis levels until around 2022,
economists said on Friday.
Read more
nearly a lost decade of economic development with living
standards not returning to pre-crisis levels until around 2022,
economists said on Friday.
Read more
BRIEF-General electric does not expect total after-tax charges through completion of Ge Capital Exit Plan
* General Electric - due to anticipated tax benefits and
gains, co does not expect total after-tax charges through
completion of ge capital exit plan to exceed initial $23 billion
estimate
Read more
gains, co does not expect total after-tax charges through
completion of ge capital exit plan to exceed initial $23 billion
estimate
Read more
BRIEF-Foamix Pharmaceuticals may offer its ordinary shares of up to $291.9 mln
* Says it may offer its ordinary shares of up to $291.9
million
Source text:(http://bit.ly/2l8MAk1)
Further company coverage:
Read more
million
Source text:(http://bit.ly/2l8MAk1)
Further company coverage:
Read more
CANADA STOCKS-TSX slumps as heavyweight energy, bank stocks slide
TORONTO, Feb 24 (Reuters) - Canada's benchmark stock index
slumped by the most in five months on Friday, in a broad-based
retreat led by sharp falls in its heavily-weighted energy and
financial sectors.
Read more
slumped by the most in five months on Friday, in a broad-based
retreat led by sharp falls in its heavily-weighted energy and
financial sectors.
Read more
UPDATE 1-CN train movement in Ontario slowly resuming after power outage
TORONTO, Feb 24 (Reuters) - Passenger and freight train
service across southern Ontario started to resume on Friday
after being halted due to a power outage at Canadian National
Railway's rail traffic control center, officials said.
Read more
service across southern Ontario started to resume on Friday
after being halted due to a power outage at Canadian National
Railway's rail traffic control center, officials said.
Read more
Shares in Peru's Grana y Montero down more than 20 pct
LIMA, Feb 24 (Reuters) - Peruvian builder Grana y Montero's
shares dropped more than 20 percent after a
report by local news magazine Hildebrandt en sus trece fanned
worries that the company knew about bribes that its partner
Odebrecht has acknowledged distributing.
Read more
shares dropped more than 20 percent after a
report by local news magazine Hildebrandt en sus trece fanned
worries that the company knew about bribes that its partner
Odebrecht has acknowledged distributing.
Read more
BRIEF-Pfizer announces pricing of $1.07 bln debt offering
* Pfizer Inc says pricing of $1.07 billion aggregate
principal amount of 4.20% notes due 2047
Read more
principal amount of 4.20% notes due 2047
Read more
BRIEF-Macy's sets regular quarterly dividend of $0.3775per share
* Sets regular quarterly dividend of $0.3775per share
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
UPDATE 2-Electronics retailer hhgregg could file for bankruptcy next month-Bbg
Feb 24 (Reuters) - Appliances and electronics retailer
hhgregg Inc is preparing to file for bankruptcy as soon
as next month, Bloomberg reported.
Read more
hhgregg Inc is preparing to file for bankruptcy as soon
as next month, Bloomberg reported.
Read more
CORRECTED-UPDATE 3-Canada's MacDonald Dettwiler to buy satellite imagery firm DigitalGlobe
Feb 24 (Reuters) - Canada's MacDonald Dettwiler and
Associates Ltd, a provider of satellite data used for
surveillance and communications, said it would buy U.S.-based
DigitalGlobe Inc for about C$3.10 billion ($2.40
billion) to strengthen its position in the satellite imagery
market.
Read more
Associates Ltd, a provider of satellite data used for
surveillance and communications, said it would buy U.S.-based
DigitalGlobe Inc for about C$3.10 billion ($2.40
billion) to strengthen its position in the satellite imagery
market.
Read more
BRIEF-Carnival reports CEO Arnold Donald's 2016 total compensation $9.9 mln vs $9.4 mln in 2015
* Carnival Plc - CEO Arnold W. Donald's 2016 total
compensation was $9.9 million versus $9.4 million in 2015
Source text for Eikon:
Further company coverage:
Read more
compensation was $9.9 million versus $9.4 million in 2015
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Vail resorts renews Whistler Blackcomb's master development agreements with province of British Columbia
* Renewal of Whistler Blackcomb's master development
agreements with province of British Columbia, approval of
associated master plans
Read more
agreements with province of British Columbia, approval of
associated master plans
Read more
Goldman, shareholders sell South Korea's Daesung Industrial Gases
SEOUL, Feb 24 (Reuters) - Goldman Sachs and other
shareholders said on Friday they had sold 100 percent of South
Korea's second-largest producer of industrial gases to Asian
private equity firm MBK Partners.
Read more
shareholders said on Friday they had sold 100 percent of South
Korea's second-largest producer of industrial gases to Asian
private equity firm MBK Partners.
Read more
UPDATE 1-Peugeot boss offers UK union reassuring words on Vauxhall plants
LONDON, Feb 24 (Reuters) - The head of French carmaker PSA
played down the threat to British plants as he
discussed his potential takeover of GM's European
operations during a visit to London on Friday.
Read more
played down the threat to British plants as he
discussed his potential takeover of GM's European
operations during a visit to London on Friday.
Read more
UPDATE 1-Magna International profit misses estimates as costs rise
Feb 24 (Reuters) - Canadian auto parts maker Magna
International Inc reported a lower-than-expected
quarterly profit as costs rose.
Read more
International Inc reported a lower-than-expected
quarterly profit as costs rose.
Read more
BRIEF-Hilton announces $1 bln buyback program, corporate name change
* Hilton announces $1 billion stock repurchase program,
quarterly dividend and corporate name change
Read more
quarterly dividend and corporate name change
Read more
UPDATE 3-Toshiba says not aware Westinghouse considering Chapter 11 filing
* Such a filing not an option for Toshiba right now -analyst
(Writes through with comments from sources)
Read more
(Writes through with comments from sources)
Read more
BRIEF-ASE orders machinery equipment worth T$524.2 mln
* Says it orders machinery equipment worth T$524.2 million
($17.08 million) from Kulicke & Soffa Pte Ltd
Read more
($17.08 million) from Kulicke & Soffa Pte Ltd
Read more
Thursday, February 23, 2017
RBS posts $8.7 billion loss in ninth straight year without a profit
LONDON, Feb 24 (Reuters) - Royal Bank of Scotland
reported on Friday a sharp rise in losses as higher misconduct
charges and restructuring costs underscored the challenges
facing the lender nine years after it required the world's
biggest bank bailout.
Read more
reported on Friday a sharp rise in losses as higher misconduct
charges and restructuring costs underscored the challenges
facing the lender nine years after it required the world's
biggest bank bailout.
Read more
PRESS DIGEST - Wall Street Journal - Feb 24
Feb 24 (Reuters) - The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
UK Stocks-Factors to watch on Feb. 24
Feb 24 (Reuters) - Britain's FTSE 100 index is seen opening down 4
points at 7267 on Friday, according to financial bookmakers.
* The UK blue chip index closed 0.4 percent lower at 7271.37 on
Thursday, depressed by Barclays stock after the bank reported earnings,
by mining sector shares and those trading ex-dividend.
* PURPLEBRICKS: Shares in Purplebricks Group Plc rose as much as 19
percent on Thursday after the British online real estate agent said it would
enter the U.S. mar
Read more
points at 7267 on Friday, according to financial bookmakers.
* The UK blue chip index closed 0.4 percent lower at 7271.37 on
Thursday, depressed by Barclays stock after the bank reported earnings,
by mining sector shares and those trading ex-dividend.
* PURPLEBRICKS: Shares in Purplebricks Group Plc rose as much as 19
percent on Thursday after the British online real estate agent said it would
enter the U.S. mar
Read more
UPDATE 1-Sika posts 21.8 pct rise in 2016 profit, to propose higher dividend
Feb 24 (Reuters) - Speciality chemicals maker Sika
on Friday posted a 21.8 percent rise in net profit for 2016 and
said it will propose an increased dividend for 2016.
Read more
on Friday posted a 21.8 percent rise in net profit for 2016 and
said it will propose an increased dividend for 2016.
Read more
UPDATE 1-U.S. companies decry Trump action on transgender student rights
NEW YORK, Feb 23 (Reuters) - U.S. companies led by tech
firms Yahoo Inc, Apple Inc and Microsoft Corp
criticized the Trump administration's decision to
revoke Obama administration guidance that allowed transgender
public school students to use the bathroom of their choice.
Read more
firms Yahoo Inc, Apple Inc and Microsoft Corp
criticized the Trump administration's decision to
revoke Obama administration guidance that allowed transgender
public school students to use the bathroom of their choice.
Read more
BRIEF-Twitter CEO Jack Dorsey in tweet says "Rolling back rights for transgender students is wrong"
* Twitter ceo Jack Dorsey - "Rolling back rights for
transgender students is wrong. Twitter and Square stand with the
LGBTQ community, always" – tweet
Source text : http://bit.ly/2lxsd3g
Read more
transgender students is wrong. Twitter and Square stand with the
LGBTQ community, always" – tweet
Source text : http://bit.ly/2lxsd3g
Read more
BRIEF-PAGP prices upsized public offering of class A shares
* Size of offering was increased by 8 million class A shares
from previously announced offering size of 34 million class A
shares
Read more
from previously announced offering size of 34 million class A
shares
Read more
Malaysian police looking for source of chemical used to kill N.Korean
KUALA LUMPUR, Feb 24 (Reuters) - Malaysian police are
investigating whether the VX nerve agent used to kill Kim Jong
Nam, the estranged half brother of North Korea's leader, was
brought into the country or produced in Malaysia, the country's
police chief said on Friday.
Read more
investigating whether the VX nerve agent used to kill Kim Jong
Nam, the estranged half brother of North Korea's leader, was
brought into the country or produced in Malaysia, the country's
police chief said on Friday.
Read more
METALS-London copper finds modest support after overnight rout
* China demand doubts counter supply pinch in Chile,
Indonesia
(Adds comment, details, updates prices)
Read more
Indonesia
(Adds comment, details, updates prices)
Read more
UPDATE 5-Upset at Trump, Mexico voices 'worry and irritation' to U.S. envoys
MEXICO CITY, Feb 23 (Reuters) - Mexico on Thursday expressed
"worry and irritation" about U.S. policies to two of President
Donald Trump's top envoys, giving a chilly reply to the new
administration's hard line on immigration, trade and security.
Read more
"worry and irritation" about U.S. policies to two of President
Donald Trump's top envoys, giving a chilly reply to the new
administration's hard line on immigration, trade and security.
Read more
PRESS DIGEST- Financial Times - Feb 24
Feb 24 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
UPDATE 2-Gildan to keep making some American Apparel styles in U.S.
MONTREAL/NEW YORK, Feb 23 (Reuters) - Canada's Gildan
Activewear Inc plans to keep making key styles from its
recently acquired American Apparel brand in the United States
but will also manufacture some products elsewhere, a company
spokesman said on Thursday.
Read more
Activewear Inc plans to keep making key styles from its
recently acquired American Apparel brand in the United States
but will also manufacture some products elsewhere, a company
spokesman said on Thursday.
Read more
BRIEF-Harvest Operations reports 2016 year end results
* Harvest Operations reports 2016 year end results
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Gap executive says expects forex to continue to be headwind in 2017 - conf call
* Gap executive - in 2016, completed winddown of Old Navy
Japan business & closure of number of Banana Republic stores
primarily internationally - conf call
Read more
Japan business & closure of number of Banana Republic stores
primarily internationally - conf call
Read more
UPDATE 1-AIG sees uncertainty in 'too-big-to-fail' label for insurers-filing
Feb 23 (Reuters) - Insurance giant American International
Group sees "considerable uncertainty" about U.S. regulations
that deem non-bank financial institutions as being too big to
fail, given the recent change in White House administrations,
according to a filing.
Read more
Group sees "considerable uncertainty" about U.S. regulations
that deem non-bank financial institutions as being too big to
fail, given the recent change in White House administrations,
according to a filing.
Read more
BRIEF-Hongli Clean Energy Technologies announces receipt of delinquency letter from Nasdaq
* Hongli Clean Energy Technologies Corp announces receipt of
delinquency letter from Nasdaq relating to December 31, 2016
form 10-Q
Source text for Eikon:
Further company coverage:
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delinquency letter from Nasdaq relating to December 31, 2016
form 10-Q
Source text for Eikon:
Further company coverage:
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BRIEF-CCL INDUSTRIES ANNOUNCES A PROPOSED FIVE-FOR-ONE STOCK SPLIT
* CCL INDUSTRIES ANNOUNCES A PROPOSED FIVE-FOR-ONE STOCK
SPLIT
Source text for Eikon:
Further company coverage:
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SPLIT
Source text for Eikon:
Further company coverage:
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BRIEF-Career Education Corp reports Q4 loss per share of $0.48
* Says as of end of 2016, total student enrollments for
university group were 33,600, compared to 31,900 as of prior
year
Read more
university group were 33,600, compared to 31,900 as of prior
year
Read more
BRIEF-ARGONAUT GOLD ANNOUNCES AGREEMENT TO ACQUIRE FRESNILLO MINERAL CONCESSION ADJACENT TO EL CASTILLO MINE
* ARGONAUT GOLD ANNOUNCES AGREEMENT TO ACQUIRE KEY FRESNILLO
MINERAL CONCESSION ADJACENT TO THE EL CASTILLO MINE
Read more
MINERAL CONCESSION ADJACENT TO THE EL CASTILLO MINE
Read more
BRIEF-Broadway financial Q4 earnings per share $0.08
* Broadway Financial Corporation announces profits for 4th
quarter and calendar year 2016 loan growth exceeded 24% for 2016
Read more
quarter and calendar year 2016 loan growth exceeded 24% for 2016
Read more
UPDATE 2-FlyBe airplane landing gear collapses at Amsterdam airport
AMSTERDAM, Feb 23 (Reuters) - The landing gear of a FlyBe
Group airplane collapsed during landing at Amsterdam's
Schiphol on Thursday, causing it to veer off the runway. There
were no injuries, the airport said in a statement.
Read more
Group airplane collapsed during landing at Amsterdam's
Schiphol on Thursday, causing it to veer off the runway. There
were no injuries, the airport said in a statement.
Read more
RBC battles former executive after dropping Volcker strategy
Feb 23 (Reuters) - Royal Bank of Canada is in a
court battle with a former executive it dismissed after moving
him to the Bahamas, where it could continue a lucrative trading
business hindered by U.S. regulations by using a little-known
exception for foreign banks.
Read more
court battle with a former executive it dismissed after moving
him to the Bahamas, where it could continue a lucrative trading
business hindered by U.S. regulations by using a little-known
exception for foreign banks.
Read more
BRIEF-Ex-Comverse CEO Alexander gets 2-1/2 years prison in options backdating case
Feb 23 (Reuters) - Former comverse technology ceo jacob
'kobi' alexander is sentenced to 2-1/2 years prison - court
hearing
Read more
'kobi' alexander is sentenced to 2-1/2 years prison - court
hearing
Read more
BRIEF-NYX Gaming expands relationship with PokerStars into Denmark
* NYX Gaming Group Ltd - Expansion of its relationship with
PokerStars via launch of NYX games on regulated PokerStars.DK
site
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Further company coverage:
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PokerStars via launch of NYX games on regulated PokerStars.DK
site
Source text for Eikon:
Further company coverage:
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BRIEF-Arkema SA says doubled capacity of Kepstan PEKK product line in France
* Arkema sa says doubled capacity of their kepstan pekk
product line in france
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product line in france
Source text for Eikon:
Further company coverage:
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BRIEF-Oncosec announces positive phase II data for Immunopulse IL-12 in combination with pembrolizumab
* Oncosec announces positive phase ii data demonstrating
company's Immunopulse IL-12 in combination with pembrolizumab
increased response rates in anti-PD-1 non-responder melanoma
patients
Read more
company's Immunopulse IL-12 in combination with pembrolizumab
increased response rates in anti-PD-1 non-responder melanoma
patients
Read more
BRIEF-Navidea Biopharmaceuticals says reaches settlement with CRG relating to loan agreement
* Navidea Biopharmaceuticals - On Feb 22, 2017, Co, CRG, and
Cardinal Health 414 read into record a settlement in
interpleader action pending in Ohio
Read more
Cardinal Health 414 read into record a settlement in
interpleader action pending in Ohio
Read more
Energy Transfer says Dakota Access pipeline 99 pct complete
NEW YORK, Feb 23 (Reuters) - Energy Transfer Partners LP
said on Thursday that 99 percent of its controversial
Dakota Access Pipeline is complete after receiving all federal
authorizations necessary earlier this month.
Read more
said on Thursday that 99 percent of its controversial
Dakota Access Pipeline is complete after receiving all federal
authorizations necessary earlier this month.
Read more
Ghosn hands Nissan reins to cost-focused lieutenant
Feb 23 (Reuters) - Newly promoted to CEO at Nissan Motor
, Hiroto Saikawa will bring a gruff, tough, no-nonsense
approach to leading Japan's second-biggest car maker at a time
of rapid technological change in the industry.
Read more
, Hiroto Saikawa will bring a gruff, tough, no-nonsense
approach to leading Japan's second-biggest car maker at a time
of rapid technological change in the industry.
Read more
CANADA STOCKS-TSX climbs as oil price rise boosts energy stocks
TORONTO, Feb 23 (Reuters) - Canada's main stock index opened
higher on Thursday, helped by strong gains for energy company
stocks as oil prices rose, while banks and gold miners also lent
support.
Read more
higher on Thursday, helped by strong gains for energy company
stocks as oil prices rose, while banks and gold miners also lent
support.
Read more
BRIEF-Delcath Systems enters agreement with holders of more than 55 pct of aggregate principal amount of senior secured convertible notes Due Dec 29, 2017
* Delcath Systems - co, holders of more than 55 pct of
aggregate principal amount of senior secured convertible notes
due Dec 29, 2017 entered agreement
Read more
aggregate principal amount of senior secured convertible notes
due Dec 29, 2017 entered agreement
Read more
UPDATE 1-Microsoft, Airbus climb aboard drones software firm AirMap
FRANKFURT, Feb 23 (Reuters) - AirMap, a start-up which has
become the world's top supplier of air traffic management
software for drones, is raising $26 million in new financing
from a group of industry investors led by the venture capital
investment arm of Microsoft.
Read more
become the world's top supplier of air traffic management
software for drones, is raising $26 million in new financing
from a group of industry investors led by the venture capital
investment arm of Microsoft.
Read more
BRIEF-Novocure qtrly loss per share $0.26
* Novocure reports fourth quarter and full year 2016
financial results and provides company update
Read more
financial results and provides company update
Read more
CEE MARKETS-Budapest stocks fall from record high after Magyar Telekom disappoints
* Budapest stocks off record on OTP Bank, Magyar Telekom
retreat
* Magyar Telekom guidance disappoints despite profit surge
* Bucharest stocks at another 9-year high on Banca
Transilvania
* Currencies, bonds rangebound ahead of auctions
By Sandor Peto
BUDAPEST, Feb 23 (Reuters) - Budapest stocks retreated from
record highs on Wednesday, driven by Magyar Telekom
which opted against raising its dividend guidance despite a
surge in profits, while Central European assets mos
Read more
retreat
* Magyar Telekom guidance disappoints despite profit surge
* Bucharest stocks at another 9-year high on Banca
Transilvania
* Currencies, bonds rangebound ahead of auctions
By Sandor Peto
BUDAPEST, Feb 23 (Reuters) - Budapest stocks retreated from
record highs on Wednesday, driven by Magyar Telekom
which opted against raising its dividend guidance despite a
surge in profits, while Central European assets mos
Read more
Brazil's Vale approves dividend of 4.7 bln reais
BRASILIA, Feb 23 (Reuters) - Brazilian miner Vale SA
said on Thursday its board had approved that a
dividend of 4.7 billion reais ($1.53 billion), or 0.91 reais per
share, be paid to shareholders.
Read more
said on Thursday its board had approved that a
dividend of 4.7 billion reais ($1.53 billion), or 0.91 reais per
share, be paid to shareholders.
Read more
BRIEF-Shire reports positive results in phase 1b study of skin swelling drug Lanadelumab
* No serious adverse events or discontinuations due to
adverse events were observed at all doses studied
Read more
adverse events were observed at all doses studied
Read more
Wednesday, February 22, 2017
UPDATE 1-Orange CEO says not planning to buy Vivendi's Canal Plus
PARIS, Feb 23 (Reuters) - France's number one telecoms group
Orange is not planning to buy Vivendi's
pay-TV Canal Plus, chief executive Stephane Richard said on
Thursday.
Read more
Orange is not planning to buy Vivendi's
pay-TV Canal Plus, chief executive Stephane Richard said on
Thursday.
Read more
UPDATE 1-UK Stocks-Factors to watch on Feb. 23
(Adds futures, company news items)
Feb 23 (Reuters) - Britain's FTSE 100 index is seen opening 4 points
higher, or up 0.05 percent on Thursday, according to Financial spreadbetters,
with futures up 0.08 percent ahead of the cash market open.
* The blue-chip FTSE 100 index ended up 0.4 percent at 7302.25
points, as Lloyds reported its highest annual profit in a decade and
Unilever promised a far-reaching review.
* BARCLAYS: Barclays reported a surprise increase in its core
capit
Read more
Feb 23 (Reuters) - Britain's FTSE 100 index is seen opening 4 points
higher, or up 0.05 percent on Thursday, according to Financial spreadbetters,
with futures up 0.08 percent ahead of the cash market open.
* The blue-chip FTSE 100 index ended up 0.4 percent at 7302.25
points, as Lloyds reported its highest annual profit in a decade and
Unilever promised a far-reaching review.
* BARCLAYS: Barclays reported a surprise increase in its core
capit
Read more
Women in sports ad strikes nerve in Arab world
Feb 22 (Reuters) - An online commercial released by Nike
this week showing Arab women fencing, boxing and
spinning on ice-skates has stirred controversy over its attempt
to smash stereotypes about women leading home-bound lives in the
conservative region.
Read more
this week showing Arab women fencing, boxing and
spinning on ice-skates has stirred controversy over its attempt
to smash stereotypes about women leading home-bound lives in the
conservative region.
Read more
BRIEF-ChemChina extends tender offers for Syngenta to April 28
Feb 23 (Reuters) - ChemChina
* Says extends public tender offers for Syngenta
Source text for Eikon:
Further company coverage:
(Reporting By Zurich newsroom)
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UPDATE 6-Dakota pipeline protest camp nearly empty as holdouts face removal
CANNON BALL, N.D., Feb 22 (Reuters) - All but a few dozen of
the last holdouts from a months-long mass protest against a
proposed oil pipeline in North Dakota peacefully vacated their
riverside camp as an eviction deadline passed on Wednesday.
Read more
the last holdouts from a months-long mass protest against a
proposed oil pipeline in North Dakota peacefully vacated their
riverside camp as an eviction deadline passed on Wednesday.
Read more
Morning News Call - India, February 23
(India Morning Newsletter will not be published on Friday, February 24, as
markets are closed for Mahashivratri.)
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02232017.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
FACTORS TO WATCH
10:00 am: RBI Executive Director Sudarshan Sen, SEBI member G. Mahalingam
and
Read more
Nikkei drops led weaker by financials after U.S. yields fall
TOKYO, Feb 23 (Reuters) - Japan's Nikkei share average fell
on Thursday morning as financial stocks weakened after U.S.
yields fell on the cautious tone struck in minutes of the latest
Federal Reserve monetary policy meeting.
Read more
on Thursday morning as financial stocks weakened after U.S.
yields fell on the cautious tone struck in minutes of the latest
Federal Reserve monetary policy meeting.
Read more
HIGHLIGHTS-The Trump presidency on Feb 22 at 9:26 p.m. EST/FEB 23 0226 GMT
Feb 22 (Reuters) - Highlights of the day for U.S. President
Donald Trump's administration on Wednesday:
Read more
Donald Trump's administration on Wednesday:
Read more
BRIEF-Sm energy reports Q4 GAAP loss per share of $2.20
* SM Energy reports 2016 results and 2017 operating plan:
driving growth from top tier assets
Read more
driving growth from top tier assets
Read more
BRIEF-Elementia Sab De CV reports q4 revenue $5.45 billion
Feb 22 (Reuters) - Elementia Sab De Cv
* Elementia announces fourth quarter 2016 results
* Q4 revenue $5.45 billion
Further company coverage:
Read more
GIC announces joint $1.05 bln investment in Washington DC offices
SINGAPORE, Feb 23 (Reuters) - Singapore's sovereign wealth
fund GIC said on Thursday it has formed joint ventures with
investors to buy over 2.1 million sq feet (195,000 sq m) of
office assets in the Washington DC metropolitan area, in an
investment of more than $1.05 billion.
Read more
fund GIC said on Thursday it has formed joint ventures with
investors to buy over 2.1 million sq feet (195,000 sq m) of
office assets in the Washington DC metropolitan area, in an
investment of more than $1.05 billion.
Read more
First stab at acquisition by Australia's South32 hits competition hurdle
SYDNEY, Feb 23 (Reuters) - The first attempt at an
acquisition by Australia's South32 following its
spinoff from BHP Billiton has raised
competition concerns with regulators over control of the
domestic coking coal market.
Read more
acquisition by Australia's South32 following its
spinoff from BHP Billiton has raised
competition concerns with regulators over control of the
domestic coking coal market.
Read more
Nissan appoints Hiroto Saikawa as CEO
Feb 22 (Reuters) - Nissan Motor Co Ltd said on
Wednesday it has appointed the company's co-chief executive
officer, Hiroto Saikawa, as Nissan's chief executive, effective
April 1.
Read more
Wednesday it has appointed the company's co-chief executive
officer, Hiroto Saikawa, as Nissan's chief executive, effective
April 1.
Read more
BRIEF-North American Energy announces $40 mln offering convertible debentures
* North American Energy Partners announces $40 million
bought deal offering of 5.50% convertible unsecured subordinated
debentures
Read more
bought deal offering of 5.50% convertible unsecured subordinated
debentures
Read more
SAFT ON WEALTH-Companies with long-term view do prevail: James Saft
Feb 22 (Reuters) - In a world in which most investment
managers are paid to be short- or medium-term in their thinking,
companies taking the long view prove the best bet.
Read more
managers are paid to be short- or medium-term in their thinking,
companies taking the long view prove the best bet.
Read more
UPDATE 1-Trump seeks jobs advice from some firms that offshore U.S. work
WASHINGTON, Feb 22 (Reuters) - President Donald Trump, who
has vowed to stop U.S. manufacturing from disappearing overseas,
is seeking job-creation advice from at least six companies that
are laying off thousands of workers as they shift production
abroad.
Read more
has vowed to stop U.S. manufacturing from disappearing overseas,
is seeking job-creation advice from at least six companies that
are laying off thousands of workers as they shift production
abroad.
Read more
U.S. fund investors less skittish on international stocks
By Trevor Hunnicutt
NEW YORK, Feb 22 (Reuters) - Investors galloped into stocks
for the third straight week, delivering U.S.-based funds
invested in companies abroad the most cash since August 2015,
Investment Company Institute data released on Wednesday show.
World stock funds attracted $5.3 billion, the most since
August 2015, the trade group said, as investors built up bets in
relatively low-priced markets.
"There is a perennial value investor who recognizes that
we've had one
Read more
NEW YORK, Feb 22 (Reuters) - Investors galloped into stocks
for the third straight week, delivering U.S.-based funds
invested in companies abroad the most cash since August 2015,
Investment Company Institute data released on Wednesday show.
World stock funds attracted $5.3 billion, the most since
August 2015, the trade group said, as investors built up bets in
relatively low-priced markets.
"There is a perennial value investor who recognizes that
we've had one
Read more
Genmab's Darzalex could achieve peak annual sales of $9 bln -CEO
COPENHAGEN, Feb 22 (Reuters) - Danish biotech drugmaker
Genmab's Darzalex, which is used to fight cancer in
bone marrow and marketed by Johnson & Johnson, has the
potential to achieve annual peak annual sales as high as $13
billion, its chief executive told Reuters.
Read more
Genmab's Darzalex, which is used to fight cancer in
bone marrow and marketed by Johnson & Johnson, has the
potential to achieve annual peak annual sales as high as $13
billion, its chief executive told Reuters.
Read more
BRIEF-The Marcus Corporation increases quarterly dividend
* Marcus Corp says declared a regular quarterly cash
dividend of $0.1250 per share of common stock
Read more
dividend of $0.1250 per share of common stock
Read more
UPDATE 1-Brazil builder PDG seeks court protection from creditors
SAO PAULO, Feb 22 (Reuters) - Brazilian homebuilder PDG
Realty SA said it was seeking protection from
creditors by filing on Wednesday to restructure its debt in
court, the country's second publicly listed builder to do so in
less than six months.
Read more
Realty SA said it was seeking protection from
creditors by filing on Wednesday to restructure its debt in
court, the country's second publicly listed builder to do so in
less than six months.
Read more
UPDATE 1-TransCanada launches open season for flat toll on natgas Mainline
CALGARY, Alberta, Feb 22 (Reuters) - TransCanada Corp
said on Wednesday it plans to offer a flat toll on its
Mainline system that takes natural gas from western Canada to
southern Ontario, three months after shippers balked at the
previous varied toll structure that they saw as too high.
Read more
said on Wednesday it plans to offer a flat toll on its
Mainline system that takes natural gas from western Canada to
southern Ontario, three months after shippers balked at the
previous varied toll structure that they saw as too high.
Read more
UPDATE 1-Thermo Fisher did not infringe genetic-testing patent, U.S. top court says
Feb 22 (Reuters) - The U.S. Supreme Court on Wednesday
cleared a subsidiary of biotech company Thermo Fisher Scientific
Inc of infringing a genetic-testing kit patent held by
Promega Corp, overturning a lower court's decision.
Read more
cleared a subsidiary of biotech company Thermo Fisher Scientific
Inc of infringing a genetic-testing kit patent held by
Promega Corp, overturning a lower court's decision.
Read more
GE, Intel, AT&T team up to put cameras, mics in San Diego
SEATTLE, Feb 22 (Reuters) - General Electric will put
cameras, microphones and sensors on 3,200 street lights in San
Diego this year, marking the first large-scale use of "smart
city" tools GE says can help monitor traffic and pinpoint crime,
but raising potential privacy concerns.
Read more
cameras, microphones and sensors on 3,200 street lights in San
Diego this year, marking the first large-scale use of "smart
city" tools GE says can help monitor traffic and pinpoint crime,
but raising potential privacy concerns.
Read more
BRIEF-Spire announces launch of $150 mln debt offering
* Spire Inc - intends to use net proceeds from its sale of
$6.25 million of 2024 notes to repay short-term debt
Source text for Eikon:
Further company coverage:
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$6.25 million of 2024 notes to repay short-term debt
Source text for Eikon:
Further company coverage:
Read more
Nissan says Brexit-induced fall in pound left it slightly worse off
LONDON, Feb 22 (Reuters) - Japanese carmaker Nissan
said on Wednesday that the Brexit-induced fall in the pound,
which dropped by some 15 percent against the euro after the June
23 referendum, had left it slightly worse off.
Read more
said on Wednesday that the Brexit-induced fall in the pound,
which dropped by some 15 percent against the euro after the June
23 referendum, had left it slightly worse off.
Read more
BRIEF-Smith & Nephew signs agreement to distribute Leaf Healthcare technology
* Smith & Nephew invests in and signs agreement to
distribute disruptive Leaf Healthcare pressure injury technology
Source text for Eikon:
Further company coverage:
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distribute disruptive Leaf Healthcare pressure injury technology
Source text for Eikon:
Further company coverage:
Read more
Mobileye Q4 profit beats estimates, revenue jumps
TEL AVIV, Feb 22 (Reuters) - Mobileye, which
develops camera-based systems to help drivers avoid collisions,
posted better than expected quarterly earnings on Wednesday, a
day after it forged a major deal with BMW Group.
Read more
develops camera-based systems to help drivers avoid collisions,
posted better than expected quarterly earnings on Wednesday, a
day after it forged a major deal with BMW Group.
Read more
BRIEF-Helix Biopharma signs LOI with Ken Poland
* Helix Biopharma Corp - signed non-binding loi with ken
poland in support of European centre for cancer immunotherapy
Read more
poland in support of European centre for cancer immunotherapy
Read more
Refiner HollyFrontier reports Q4 profit vs. year-ago loss
Feb 22 (Reuters) - U.S. refiner HollyFrontier Corp
reported a fourth-quarter profit, compared with a year-ago loss,
helped by cost cuts.
Read more
reported a fourth-quarter profit, compared with a year-ago loss,
helped by cost cuts.
Read more
BRIEF-Wolverine Worldwide reports Q4 loss of $0.02/shr
* Wolverine Worldwide reports fourth-quarter and full-year
results and announces 2017 outlook
Read more
results and announces 2017 outlook
Read more
EMERGING MARKETS-Emerging stocks sail to new 19-month highs
LONDON, Feb 22 (Reuters) - Wall Street's record run helped
emerging stocks sail to new 19-month highs on Wednesday with
year-to-date gains of over 10 percent, while the rand firmed
ahead of a key budget speech by the finance minister.
Read more
emerging stocks sail to new 19-month highs on Wednesday with
year-to-date gains of over 10 percent, while the rand firmed
ahead of a key budget speech by the finance minister.
Read more
UPDATE 2-Switzerland's ABB hit by $100 mln South Korean fraud
ZURICH, Feb 22 (Reuters) - Swiss engineering group ABB
revealed the discovery of what it called a
"sophisticated criminal scheme" in its South Korean subsidiary
on Wednesday, which it expects will result in a $100 million
pre-tax charge.
Read more
revealed the discovery of what it called a
"sophisticated criminal scheme" in its South Korean subsidiary
on Wednesday, which it expects will result in a $100 million
pre-tax charge.
Read more
BRIEF-Blackbird energy intends to acquire Elmworth/Pipestone lands from Paramount Resources
* Blackbird energy inc. Enters into letter of intent to
acquire elmworth / pipestone lands from paramount resources,
increasing montney land holdings to 115 gross sections (99.9
net)
Read more
acquire elmworth / pipestone lands from paramount resources,
increasing montney land holdings to 115 gross sections (99.9
net)
Read more
Thyssenkrupp expects CSA sale to lead to net loss
FRANKFURT, Feb 22 (Reuters) - Thyssenkrupp expects
the sale of CSA to Ternium to lead to a net loss as it
takes a 900 million euro ($946.5 million) writedown on the
Brazilian steel mill.
Read more
the sale of CSA to Ternium to lead to a net loss as it
takes a 900 million euro ($946.5 million) writedown on the
Brazilian steel mill.
Read more
BRIEF-Spain's Iberdrola sees profits growing "mid single digit" in 2017
* Says sees Ebitda, net profit growing "mid single digit" in
2017
Further company coverage:
(Madrid Newsroom)
Read more
2017
Further company coverage:
(Madrid Newsroom)
Read more
BRIEF-AccorHotels expects to "accelerate trend" in 2017 - CEO
Feb 22 (Reuters) - Accorhotels Chief Executive
Officer Sebastien Bazin tells a news conference:
Read more
Officer Sebastien Bazin tells a news conference:
Read more
Tuesday, February 21, 2017
Airbus CEO says Pratt & Whitney needs to improve on A320neo engine
PARIS, Feb 22 (Reuters) - Airbus said engine maker
Pratt & Whitney still had to make an effort to improve
on deliveries of engines for the A320neo jet, which were hit by
delays last year.
Read more
Pratt & Whitney still had to make an effort to improve
on deliveries of engines for the A320neo jet, which were hit by
delays last year.
Read more
UPDATE 2-UK Stocks-Factors to watch on Feb. 22
Feb 22 (Reuters) - Britain's FTSE 100 index is seen opening up 8
points on Wednesday, according to financial bookmakers, with futures up
about 0.03 percent ahead of the cash market open.
Read more
points on Wednesday, according to financial bookmakers, with futures up
about 0.03 percent ahead of the cash market open.
Read more
Nikkei ends flat as yen's retreat halts, capping market
TOKYO, Feb 22 (Reuters) - Japan's Nikkei share average was
little changed on Wednesday, unable to extend a two-day winning
run as the yen's retreat against the dollar halted and capped
the broader market.
Read more
little changed on Wednesday, unable to extend a two-day winning
run as the yen's retreat against the dollar halted and capped
the broader market.
Read more
Bayer predicts mid-single digit EBITDA rise in 2017
FRANKFURT, Feb 22 (Reuters) - Bayer, the German
drugmaker that is buying U.S. seed maker Monsanto, said
it expected a mid-single digit percentage increase in adjusted
core earnings for 2017, helped by fast growing revenues from
stroke prevention pill Xarelto.
Read more
drugmaker that is buying U.S. seed maker Monsanto, said
it expected a mid-single digit percentage increase in adjusted
core earnings for 2017, helped by fast growing revenues from
stroke prevention pill Xarelto.
Read more
BRIEF-Redflex Holdings updates on criminal and civil matters in the U.S.
* Company has now resolved all criminal and civil matters in
United States arising out of company's 2013 investigation
Source text for Eikon:
Further company coverage:
Read more
United States arising out of company's 2013 investigation
Source text for Eikon:
Further company coverage:
Read more
Northern Trust uses blockchain for private equity record-keeping
NEW YORK, Feb 22 (Reuters) - Northern Trust Corp
has deployed a new blockchain-based system built with
International Business Machines Corp to record
information on transactions involving private equity funds, in
one of the first commercial deployments of the nascent
technology.
Read more
has deployed a new blockchain-based system built with
International Business Machines Corp to record
information on transactions involving private equity funds, in
one of the first commercial deployments of the nascent
technology.
Read more
BRIEF-Novitex and Sourcehov to merge with Quinpario to form Exela Technologies in $2.8 bln deal
* Affiliates of Apollo and HGM agree to combine novitex and
Sourcehov with Quinpario acquisition corp. 2 to form exela
technologies, a public company in a transaction valued at $2.8
billion
Read more
Sourcehov with Quinpario acquisition corp. 2 to form exela
technologies, a public company in a transaction valued at $2.8
billion
Read more
UPDATE 1-Automakers urge new EPA chief to withdraw Obama car fuel-efficiency rules
WASHINGTON, Feb 21 (Reuters) - A trade association
representing General Motors Co, Toyota Motor Corp
, Volkswagen AG and nine other automakers on
Tuesday asked new Environmental Protection Agency chief Scott
Pruitt to withdraw an Obama administration decision to lock in
vehicle emission rules through 2025.
Read more
representing General Motors Co, Toyota Motor Corp
, Volkswagen AG and nine other automakers on
Tuesday asked new Environmental Protection Agency chief Scott
Pruitt to withdraw an Obama administration decision to lock in
vehicle emission rules through 2025.
Read more
Melco Crown CEO says willing to outspend rivals on Japan casino
TOKYO, Feb 22 (Reuters) - Melco Crown Entertainment
is ready to outspend rival casino operators to build a Japanese
casino, its chief said on Wednesday, a day after Las Vegas Sands
Corp put a price tag of up to $10 billion on a facility
in Japan.
Read more
is ready to outspend rival casino operators to build a Japanese
casino, its chief said on Wednesday, a day after Las Vegas Sands
Corp put a price tag of up to $10 billion on a facility
in Japan.
Read more
Nikkei edges down due to pause in yen decline
TOKYO, Feb 22 (Reuters) - Japanese stocks edged down on
Wednesday morning in choppy trade as a pause in the dollar's
rise against the yen kept investors on the sidelines as they
awaited the minutes of the U.S. Federal Reserve's latest meeting
for clues for interest rate hikes.
Read more
Wednesday morning in choppy trade as a pause in the dollar's
rise against the yen kept investors on the sidelines as they
awaited the minutes of the U.S. Federal Reserve's latest meeting
for clues for interest rate hikes.
Read more
PRESS DIGEST- Financial Times - Feb 22
Feb 22 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
METALS-Copper steadies as U.S. dollar slips
SYDNEY, Feb 22 (Reuters) - Copper steadied in early trading
on Wednesday, after slipping overnight, as a weaker U.S. dollar
limited profit taking.
Read more
on Wednesday, after slipping overnight, as a weaker U.S. dollar
limited profit taking.
Read more
BRIEF-B&G Foods sets regular quarterly cash dividend of $0.465per share
* Sets regular quarterly cash dividend of $0.465per share
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
UPDATE 1-ConocoPhillips revises down over 1 bln bbls of oil sands reserves
CALGARY, Alberta, Feb 21 (Reuters) - ConocoPhillips Corp
has revised down over a billion barrels of oil sands
reserves because of low global crude prices, a company filing
showed on Tuesday, the latest sign that some of Canada's vast
hydrocarbon potential may be left untapped.
Read more
has revised down over a billion barrels of oil sands
reserves because of low global crude prices, a company filing
showed on Tuesday, the latest sign that some of Canada's vast
hydrocarbon potential may be left untapped.
Read more
CORRECTED-UPDATE 1-CSX CEO to exit amid activist investor's push to shake up board
Feb 21 (Reuters) - U.S. railroad operator CSX Corp's
chief executive, Michael Ward, will retire after more than 14
years in the role, as activist investor Mantle Ridge LP tries to
shake up the company's board.
Read more
chief executive, Michael Ward, will retire after more than 14
years in the role, as activist investor Mantle Ridge LP tries to
shake up the company's board.
Read more
BRIEF-Reven Housing REIT enters into agreement with H&J Properties
* Reven Housing REIT - on Feb 16, co entered into single
family homes real estate purchase and sale agreement with H&J
Properties Llc - sec filing
Read more
family homes real estate purchase and sale agreement with H&J
Properties Llc - sec filing
Read more
BRIEF-Galena Biopharma board appoints Stephen Ghiglieri as interim CEO
* Galena Biopharma board of directors appoints Stephen F.
Ghiglieri as interim chief executive officer
Read more
Ghiglieri as interim chief executive officer
Read more
BRIEF-Whiting Petroleum Q4 2016 average production 118,890 boe/d
* Whiting petroleum corporation announces fourth quarter
2016 financial and operating results
Read more
2016 financial and operating results
Read more
Law Firms Norton Rose Fulbright and Chadbourne & Parke to Merge
Feb 21 (Reuters) - Global law firm Norton Rose Fulbright
announced on Tuesday it would merge with New York-based
Chadbourne & Parke to form a firm of some 4,000 lawyers with
offices in 32 countries.
Read more
announced on Tuesday it would merge with New York-based
Chadbourne & Parke to form a firm of some 4,000 lawyers with
offices in 32 countries.
Read more
Brazil's Creditas gets $19 mln amid boom in local fintech financing
SAO PAULO, Feb 21 (Reuters) - Creditas Soluções Financeiras
Ltda, a Brazilian financial technology firm focused on secured
consumer loans, has obtained $19 million from investors in a
financing round that will allow it to provide borrowers with
funds for one-fourth of what they pay to domestic lenders.
Read more
Ltda, a Brazilian financial technology firm focused on secured
consumer loans, has obtained $19 million from investors in a
financing round that will allow it to provide borrowers with
funds for one-fourth of what they pay to domestic lenders.
Read more
UPDATE 1-Wells Fargo fires 4 executives amid probe into sales practices
Feb 21 (Reuters) - Wells Fargo & Co has fired four
mid-level executives and stripped them of bonuses and stock
awards as a result of an investigation into improper sales
practices in its retail bank, according to a company
announcement on Tuesday.
Read more
mid-level executives and stripped them of bonuses and stock
awards as a result of an investigation into improper sales
practices in its retail bank, according to a company
announcement on Tuesday.
Read more
Wells Fargo fires 4 executives amid probe into sales practices
Feb 21 (Reuters) - Wells Fargo & Co said on Tuesday
it fired four executives in its community banking business as
part of an independent investigation into its sales practices.
Read more
it fired four executives in its community banking business as
part of an independent investigation into its sales practices.
Read more
BRIEF-Honda announces executive changes in its North American operations
* Jeff Conrad to assume additional responsibility for Acura
division, Core Support division of Automobile Sales & Marketing
Read more
division, Core Support division of Automobile Sales & Marketing
Read more
BRIEF-Canadian Pacific Railway increases compensation of CFO Nadeem Velani
* On February 14, Board approved an increase in compensation
of Nadeem Velani, Vice-President and Chief Financial Officer of
company
Read more
of Nadeem Velani, Vice-President and Chief Financial Officer of
company
Read more
UPDATE 3-Peugeot maker PSA says will honour existing Opel job guarantees
* Analyst thinks around 5,000 jobs could eventually go
(Adds tweets by Opel CEO, PSA comments about Angela Merkel)
Read more
(Adds tweets by Opel CEO, PSA comments about Angela Merkel)
Read more
BRIEF-Leggett & Platt announces quarterly dividend of $0.34
* Q1 dividend of $.34 per share, an increase of $.02 per
share or 6.3 pct versus q1 of 2016
Source text for Eikon:
Further company coverage:
Read more
share or 6.3 pct versus q1 of 2016
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Nokia and Intel launch 5G acceleration labs
* Nokia and Intel launch 5G acceleration labs in U.S. and
Finland to help operators bring 5G innovations to market
Read more
Finland to help operators bring 5G innovations to market
Read more
BRIEF-Clarocity Corporation announces amended debt facility
* Clarocity corp says initial $4 million facility has been
drawn down, co and stableview have agreed to increase amount
available for drawdown to $6 million
Read more
drawn down, co and stableview have agreed to increase amount
available for drawdown to $6 million
Read more
CORRECTED-UPDATE 1-JANA, ex-Bulgari CEO strike deal for board seats at Tiffany
Feb 21 (Reuters) - Retailer Tiffany & Co on Tuesday
said it would appoint three independent directors to its board
in a deal with hedge fund JANA Partners LLC, less than three
weeks after the luxury jeweler's chief executive stepped down.
Read more
said it would appoint three independent directors to its board
in a deal with hedge fund JANA Partners LLC, less than three
weeks after the luxury jeweler's chief executive stepped down.
Read more
Bristol-Myers adds three directors in deal with JANA Partners
Feb 21 (Reuters) - Bristol-Myers Squibb Co said on
Tuesday it appointed three directors to its board in a deal with
JANA Partners LLC, an activist investor holding less than 1
percent of the company's stock.
Read more
Tuesday it appointed three directors to its board in a deal with
JANA Partners LLC, an activist investor holding less than 1
percent of the company's stock.
Read more
VW brand chief sees strenuous year amid struggle over cost-cut plan
BERLIN, Feb 21 (Reuters) - Volkswagen brand
chief Herbert Diess said 2017 would be a good but strenuous year
as the carmaker grapples with putting in place a turnaround
plan.
Read more
chief Herbert Diess said 2017 would be a good but strenuous year
as the carmaker grapples with putting in place a turnaround
plan.
Read more
Verizon, Yahoo agree to cut deal price by as much as $350 mln - WSJ
Feb 21 (Reuters) - Verizon agreed to a revised deal to buy
Yahoo Inc's core internet business for $4.83 billion,
as much as $350 million less than the original price, the Wall
Street Journal reported, citing people familiar with the matter.
Read more
Yahoo Inc's core internet business for $4.83 billion,
as much as $350 million less than the original price, the Wall
Street Journal reported, citing people familiar with the matter.
Read more
BRIEF-Resolute Energy enters into third amended and restated credit agreement
* On February 17, 2017, co entered into third amended and
restated credit agreement- SEC filing
Read more
restated credit agreement- SEC filing
Read more
PSA says Opel acquisition would honour all existing union deals
PARIS, Feb 21 (Reuters) - PSA Group will honour
existing agreements and job guarantees in place at all Opel
sites if its proposed acquisition of General Motors'
European division goes through, the French carmaker said on
Tuesday after talks with German unions.
Read more
existing agreements and job guarantees in place at all Opel
sites if its proposed acquisition of General Motors'
European division goes through, the French carmaker said on
Tuesday after talks with German unions.
Read more
CME Group sees Chinese hedge funds, state-owned firms driving Asia growth
HONG KONG, Feb 21 (Reuters) - China's 2015 market crash
sparked a surge in Asian trading for futures exchange giant CME
Group as Chinese funds hedged their risk offshore and growth
prospects remain strong, the bourse's head of Asia said on
Tuesday.
Read more
sparked a surge in Asian trading for futures exchange giant CME
Group as Chinese funds hedged their risk offshore and growth
prospects remain strong, the bourse's head of Asia said on
Tuesday.
Read more
CORRECTED-Nuclear not only problem as Toshiba liable for billions in gas contract
TOKYO, Feb 17 (Reuters) - Japan's Toshiba,
scrambling to fill the balance sheet hole left by a $6.3 billion
hit to its nuclear operations, is also on the hook to pay
billions of dollars for a U.S. natural gas contract.
Read more
scrambling to fill the balance sheet hole left by a $6.3 billion
hit to its nuclear operations, is also on the hook to pay
billions of dollars for a U.S. natural gas contract.
Read more
GLOBAL MARKETS-HSBC slump eclipses punchy euro zone growth signals
LONDON, Feb 21 (Reuters) - Weak earnings trumped strong
economic data for European stocks on Tuesday, as investors took
their cue from banking giant HSBC's surprise slump in
profits rather than stellar reports on the euro zone economy.
Read more
economic data for European stocks on Tuesday, as investors took
their cue from banking giant HSBC's surprise slump in
profits rather than stellar reports on the euro zone economy.
Read more
European shares fall as HSBC leads financials lower
LONDON, Feb 21 (Reuters) - European equities slipped in
early trading on Tuesday, with HSBC leading the
regional banking index lower after reporting a 62 percent slump
in its annual pre-tax profit.
Read more
early trading on Tuesday, with HSBC leading the
regional banking index lower after reporting a 62 percent slump
in its annual pre-tax profit.
Read more
Monday, February 20, 2017
UPDATE 1-UK Stocks-Factors to watch on Feb. 21
Feb 21 (Reuters) - Britain's FTSE 100 index is seen opening down 2
points at 7298 on Tuesday, according to financial bookmakers, with futures down
0.1 percent ahead of the cash market open.
Read more
points at 7298 on Tuesday, according to financial bookmakers, with futures down
0.1 percent ahead of the cash market open.
Read more
Spanish stocks - Factors to watch on Tuesday
MADRID, Feb 21 (Reuters) - The following Spanish stocks may
be affected by newspaper reports and other factors on Tuesday.
Reuters has not verified the newspaper reports, and cannot vouch
for their accuracy:
Read more
be affected by newspaper reports and other factors on Tuesday.
Reuters has not verified the newspaper reports, and cannot vouch
for their accuracy:
Read more
REFILE-BRIEF-Nel ASA awarded frame contract in California by Royal Dutch Shell Plc
* Has been awarded frame contract for multiple hydrogen fueling stations in
California by Royal Dutch Shell Plc
Read more
California by Royal Dutch Shell Plc
Read more
GLOBAL MARKETS-Asia stocks steady amid lack of cues; China gains
HONG KONG, Feb 21 (Reuters) - Asian stocks held ground on
Tuesday though Chinese equities surged to a fresh two-month high
as domestic funds piled into financial counters on expectations
the world's second biggest economy may have turned a corner.
Read more
Tuesday though Chinese equities surged to a fresh two-month high
as domestic funds piled into financial counters on expectations
the world's second biggest economy may have turned a corner.
Read more
Morning News Call - India, February 21
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02212017.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
FACTORS TO WATCH
9:00 am: N. Chandrasekaran to take over as new chairman of Tata Sons in
Mumbai.
11:00 am: Microsoft CEO Satya Nadela to meet Electronics and IT Minister
Ravi Shankar Prasad in New Delhi.
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02212017.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
FACTORS TO WATCH
9:00 am: N. Chandrasekaran to take over as new chairman of Tata Sons in
Mumbai.
11:00 am: Microsoft CEO Satya Nadela to meet Electronics and IT Minister
Ravi Shankar Prasad in New Delhi.
Read more
Nikkei edges up as yen eases, Nippon Paper surges
TOKYO, Feb 21 (Reuters) - Japanese stocks edged up on
Tuesday morning as the yen eased back against the dollar,
although trading volumes were low as a holiday in the United
States left investors short of the usual leads.
Read more
Tuesday morning as the yen eased back against the dollar,
although trading volumes were low as a holiday in the United
States left investors short of the usual leads.
Read more
BRIEF-Energy Focus appoints current executive chair to serve as CEO
* Energy Focus appoints current executive chair to serve as
CEO and announces his plan to rejuvenate revenue growth while
reducing annual operating expenses by $10 million
Read more
CEO and announces his plan to rejuvenate revenue growth while
reducing annual operating expenses by $10 million
Read more
UPDATE 1-China's Ant to invest $200 mln in Korea's Kakao Pay
SHANGHAI, Feb 21 (Reuters) - China's Ant Financial will
invest $200 million in Kakao Pay, the mobile payment subsidiary
of South Korean messaging platform giant Kakao Corp,
the two firms said in a joint statement on Tuesday.
Read more
invest $200 million in Kakao Pay, the mobile payment subsidiary
of South Korean messaging platform giant Kakao Corp,
the two firms said in a joint statement on Tuesday.
Read more
BRIEF-Celanese announces acetic acid price increase in China
* Celanese announces acetic acid price increase in China
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
UPDATE 1-Australia's Fairfax halts trade pending Domain announcement
SYDNEY, Feb 21 (Reuters) - Australian newspaper and radio
group Fairfax Media Ltd on Tuesday entered a trading
halt pending an announcement related to its real estate
advertising arm, Domain Group.
Read more
group Fairfax Media Ltd on Tuesday entered a trading
halt pending an announcement related to its real estate
advertising arm, Domain Group.
Read more
BRIEF-Nordson corp announces agreement to acquire an unit of Vention Medical
* Nordson corp announces agreement to acquire advanced
technologies business of Vention Medical
Read more
technologies business of Vention Medical
Read more
Collapse of Kraft-Unilever tie-up extends run of failed mega-deals
LONDON, Feb 20 (Reuters) - Kraft Heinz's dropped bid
to buy Unilever is the third-largest M&A deal to
collapse, according to Thomson Reuters data, adding to a recent
run of failures that highlights the appetite for the pursuit of
audacious mega-mergers.
Read more
to buy Unilever is the third-largest M&A deal to
collapse, according to Thomson Reuters data, adding to a recent
run of failures that highlights the appetite for the pursuit of
audacious mega-mergers.
Read more
GE says it sells 82 turbines to wind power complex in Brazil
SAO PAULO, Feb 20 (Reuters) - Heavy machines maker General
Electric Co agreed to supply 82 turbines to Brazil's CER
(Companhia de Energias Renováveis), which is building a wind
power complex in the country, GE's Latin America head for wind
power, Jean-Claude Robert, told Reuters on Monday.
(Reporting by Luciano Costa; Writing by Marcelo Teixeira;
Editing by Sandra Maler)
Read more
Electric Co agreed to supply 82 turbines to Brazil's CER
(Companhia de Energias Renováveis), which is building a wind
power complex in the country, GE's Latin America head for wind
power, Jean-Claude Robert, told Reuters on Monday.
(Reporting by Luciano Costa; Writing by Marcelo Teixeira;
Editing by Sandra Maler)
Read more
Saudi favors New York for Aramco IPO, also considers Toronto, London -WSJ
Feb 20 (Reuters) - Saudi Arabia is favoring New York to list
state oil giant Saudi Aramco , while also
considering London and Toronto for the prospect of floating the
firm, the Wall Street Journal reported on Monday.
Read more
state oil giant Saudi Aramco , while also
considering London and Toronto for the prospect of floating the
firm, the Wall Street Journal reported on Monday.
Read more
COLUMN-America is not the stock market and neither are you: James Saft
Feb 20 (Reuters) - Here is a complete list of all the things
we can definitely infer from higher stock market prices:
Read more
we can definitely infer from higher stock market prices:
Read more
UPDATE 1-EU privacy watchdogs say Windows 10 settings still raise concerns
BRUSSELS, Feb 20 (Reuters) - European Union data protection
watchdogs said on Monday they were still concerned about the
privacy settings of Microsoft's Windows 10 operating
system despite the U.S. company announcing changes to the
installation process.
Read more
watchdogs said on Monday they were still concerned about the
privacy settings of Microsoft's Windows 10 operating
system despite the U.S. company announcing changes to the
installation process.
Read more
UPDATE 3-Asset managers push back against UK rule change proposals
* Funds responding to FCA interim review of sector
(Recasts, adds Investment Association response)
Read more
(Recasts, adds Investment Association response)
Read more
BRIEF-Verizon says Andrew Mckechnie named Chief Creative Officer of its newly formed in-house agency
* Says Andrew Mckechnie, formerly of Apple Inc has been
named Chief Creative Officer of its newly formed in-house agency
Source text for Eikon:
Further company coverage:
Read more
named Chief Creative Officer of its newly formed in-house agency
Source text for Eikon:
Further company coverage:
Read more
BRIEF-A. Schulman joins coalition to advance low pressure ANG Technology for motor vehicles
* A. Schulman joins coalition to advance low pressure ANG
Technology for motor vehicles
Source text for Eikon:
Further company coverage:
Read more
Technology for motor vehicles
Source text for Eikon:
Further company coverage:
Read more
Peugeot maker PSA told UK it takes pride in not closing plants - minister
LONDON, Feb 20 (Reuters) - Britain's business minister said
on Monday that executives from Peugeot manufacturer PSA
, which is in talks to take over General Motors'
European brands, told him last week that PSA took pride in not
shutting plants.
Read more
on Monday that executives from Peugeot manufacturer PSA
, which is in talks to take over General Motors'
European brands, told him last week that PSA took pride in not
shutting plants.
Read more
UPDATE 2-Ecuador leftist leading presidential vote but may face runoff
QUITO, Feb 20 (Reuters) - Ecuadorean leftist government
candidate Lenin Moreno looked set for victory in a presidential
election but results still coming in on Monday meant he may face
a runoff with former banker Guillermo Lasso.
Read more
candidate Lenin Moreno looked set for victory in a presidential
election but results still coming in on Monday meant he may face
a runoff with former banker Guillermo Lasso.
Read more
METALS-Copper, zinc and nickel rebound on supply concerns
* LME on-warrant zinc inventories slide to lowest since 2009
(Adds quote on aluminium, updates prices)
Read more
(Adds quote on aluminium, updates prices)
Read more
BRIEF-Sivers IMA enters partnership with Integrated Device Technology
* Enters into partnership with Integrated Device Technology,
Inc. to provide a mmWave V-band solution for infrastructure
applications
Read more
Inc. to provide a mmWave V-band solution for infrastructure
applications
Read more
UPDATE 2-Mongolia bonds rally as $5.5 bln bailout rewards tenacious investors
LONDON/HONG KONG, Feb 20 (Reuters) - Mongolian bonds rallied
on Monday after a $5.5 billion loan package agreed on the
weekend staved off default and rewarded investors who had hung
on despite signs of mounting stress.
Read more
on Monday after a $5.5 billion loan package agreed on the
weekend staved off default and rewarded investors who had hung
on despite signs of mounting stress.
Read more
UPDATE 1-UK union fears grow over future of GM's Vauxhall plants - source
LONDON, Feb 20 (Reuters) - The head of Britain's biggest
trade union is likely to meet the CEO of PSA Group on
Friday amid growing concerns over the future of Vauxhall plants
if the French carmaker buys the business from General Motors, a
union source told Reuters.
Read more
trade union is likely to meet the CEO of PSA Group on
Friday amid growing concerns over the future of Vauxhall plants
if the French carmaker buys the business from General Motors, a
union source told Reuters.
Read more
UPDATE 1-Germany sees encouraging signs on jobs in Opel talks
BERLIN, Feb 20 (Reuters) - Initial talks between the German
government and carmakers PSA and General Motors
have led to some encouraging signals that jobs at Opel factories
will be preserved, but no guarantees have been made yet, a top
official said on Monday.
Read more
government and carmakers PSA and General Motors
have led to some encouraging signals that jobs at Opel factories
will be preserved, but no guarantees have been made yet, a top
official said on Monday.
Read more
UPDATE 1-Vale in plan to merge shares into single class with no controlling bloc
SAO PAULO, Feb 20 (Reuters) - Vale SA will become a company
with no defined controlling shareholder under an agreement
announced on Monday, a step aimed at enhancing transparency and
equal rights for all shareholders in the world's largest iron
ore producer.
Read more
with no defined controlling shareholder under an agreement
announced on Monday, a step aimed at enhancing transparency and
equal rights for all shareholders in the world's largest iron
ore producer.
Read more
UK minister called to parliament over Peugeot-GM deal- opposition party
LONDON, Feb 20 (Reuters) - Britain's business minister will
be called to parliament to answer a question on Monday regarding
Peugeot's proposed takeover of General Motors'
Vauxhall car and van plants in Britain, the opposition Labour
Party said on Twitter.
Read more
be called to parliament to answer a question on Monday regarding
Peugeot's proposed takeover of General Motors'
Vauxhall car and van plants in Britain, the opposition Labour
Party said on Twitter.
Read more
UK fashion retailer Reiss names Angelides as CEO
LONDON, Feb 20 (Reuters) - British fashion retailer Reiss
named former Next executive Christos Angelides as its
new chief executive on Monday in a move aimed at allowing
founder and chairman David Reiss to scale back his
responsibilities.
Read more
named former Next executive Christos Angelides as its
new chief executive on Monday in a move aimed at allowing
founder and chairman David Reiss to scale back his
responsibilities.
Read more
BRIEF-Reliance Jio partners with Uber
* Reliance Jio Infocomm - partners with Uber to enable Jio
Money for Uber riders to pay for the ride
Read more
Money for Uber riders to pay for the ride
Read more
EMERGING MARKETS-Turkish lira, Mongolian bonds lead emerging market gains
LONDON, Feb 20 (Reuters) - Turkey's lira hit the strongest
level in more than six weeks against the dollar and Mongolian
bonds soared after a $5.5 billion IMF-led bailout for the
country, outperforming broader emerging markets.
Read more
level in more than six weeks against the dollar and Mongolian
bonds soared after a $5.5 billion IMF-led bailout for the
country, outperforming broader emerging markets.
Read more
CEE MARKETS-Stocks rise slightly, Polish bonds ease a shade
* Stocks rise slightly, Moneta Bank rise helps Prague
* Serbian assets mixed after PM says will run for presidency
* Polish bonds mildly softer after strong output data
By Sandor Peto
BUDAPEST, Feb 20 (Reuters) - Prague led a cautious rise in
Central European equities on Monday, mainly driven by the gains
of Moneta Money Bank, while Central European assets
were mostly moving sideways.
Prague's main index firmed 0.4 percent by 0929 GMT.
Moneta shares rose 1.2 percent
Read more
* Serbian assets mixed after PM says will run for presidency
* Polish bonds mildly softer after strong output data
By Sandor Peto
BUDAPEST, Feb 20 (Reuters) - Prague led a cautious rise in
Central European equities on Monday, mainly driven by the gains
of Moneta Money Bank, while Central European assets
were mostly moving sideways.
Prague's main index firmed 0.4 percent by 0929 GMT.
Moneta shares rose 1.2 percent
Read more
Opel jobs have not been guaranteed, says German deputy econ minister
FRANKFURT, Feb 20 (Reuters) - Peugeot and General
Motors have not given binding guarantees to preserve
German jobs and factories at Opel, Germany's Deputy Economy
Minister Matthias Machnig said on Monday.
Read more
Motors have not given binding guarantees to preserve
German jobs and factories at Opel, Germany's Deputy Economy
Minister Matthias Machnig said on Monday.
Read more
Sovereign funds pulled $38 bln from global markets in 2016-report
LONDON, Feb 20 (Reuters) - Sovereign wealth funds pulled
$37.8 billion from global stock and bond markets in 2016, data
from research firm eVestment showed on Monday, although fourth
quarter flows showed a slowdown in the rate of redemptions.
Read more
$37.8 billion from global stock and bond markets in 2016, data
from research firm eVestment showed on Monday, although fourth
quarter flows showed a slowdown in the rate of redemptions.
Read more
Northern Trust buys UBS Asset Management administration units
ZURICH, Feb 20 (Reuters) - U.S.-based Northern Trust
is buying UBS Group's UBS Asset Management
fund administration servicing units in Luxembourg and
Switzerland, UBS said in a statement on Monday.
Read more
is buying UBS Group's UBS Asset Management
fund administration servicing units in Luxembourg and
Switzerland, UBS said in a statement on Monday.
Read more
Sunday, February 19, 2017
UPDATE 1-UK Stocks-Factors to watch on Feb. 20
(Adds futures, company news items)
Feb 20 (Reuters) - Britain's FTSE 100 index is seen opening up 11
points at 7,310 on Monday, according to financial bookmakers, with futures 0.3
percent higher ahead of the cash market open.
* The benchmark FTSE 100 index finished 0.3 percent higher on Friday
and gained 0.6 percent for the week. The index, dominated by companies that
trade internationally, was also supported by weakness in sterling after a drop
in British retail sales for January.
Read more
Feb 20 (Reuters) - Britain's FTSE 100 index is seen opening up 11
points at 7,310 on Monday, according to financial bookmakers, with futures 0.3
percent higher ahead of the cash market open.
* The benchmark FTSE 100 index finished 0.3 percent higher on Friday
and gained 0.6 percent for the week. The index, dominated by companies that
trade internationally, was also supported by weakness in sterling after a drop
in British retail sales for January.
Read more
Indonesia mining minister says govt also has right to bring Freeport to arbitration
JAKARTA, Feb 20 (Reuters) - Indonesia's mining minister
Ignasius Jonan on Monday said the government can also bring
Freeport-McMoRan Inc to arbitration if both sides fail
to reach an agreement over a mining contract.
Read more
Ignasius Jonan on Monday said the government can also bring
Freeport-McMoRan Inc to arbitration if both sides fail
to reach an agreement over a mining contract.
Read more
BRIEF-Pixium Vision FY revenue falls to 2.5 million euros
* FY operating loss 12.5 million euros ($13.26 million)
versus loss of 15.7 million euros year ago
Read more
versus loss of 15.7 million euros year ago
Read more
BRIEF-SinnerSchrader and Accenture agree on business combination
* SinnerSchrader and Accenture agree on business combination; Accenture announces voluntary
public takeover offer for all shares of SinnerSchrader AG
Read more
public takeover offer for all shares of SinnerSchrader AG
Read more
Hong Kong union joins critics of McDonald's HK, China sale, sees pay squeeze
HONG KONG, Feb 20 (Reuters) - The Hong Kong Confederation of
Trade Unions (HKCTU) warned that McDonald's Corp's
up-to-$2.1 billion sale of its Hong Kong and China operations
could hit workers' pay, adding to growing criticism of the deal
on the mainland and elsewhere.
Read more
Trade Unions (HKCTU) warned that McDonald's Corp's
up-to-$2.1 billion sale of its Hong Kong and China operations
could hit workers' pay, adding to growing criticism of the deal
on the mainland and elsewhere.
Read more
GM shares could climb 35 pct if it sells Opel- Barron's
Feb 19 (Reuters) - General Motors Co shares could
climb by as much as 35 percent if it succeeds in selling its
European Opel brand and focuses on its healthier markets,
Barron's said on Sunday.
Read more
climb by as much as 35 percent if it succeeds in selling its
European Opel brand and focuses on its healthier markets,
Barron's said on Sunday.
Read more
GLOBAL MARKETS-Asia subdued amid US holiday, eyes on Unilever
SYDNEY, Feb 20 (Reuters) - Asian share markets got off to a
subdued start on Monday as political uncertainty kept the mood
cautious, while the U.S. dollar softened a touch ahead of a busy
week for Federal Reserve speakers.
Read more
subdued start on Monday as political uncertainty kept the mood
cautious, while the U.S. dollar softened a touch ahead of a busy
week for Federal Reserve speakers.
Read more
PRESS DIGEST- Financial Times - Feb 20
Feb 20 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Inbound China M&A takes flight on consumer promise
HONG KONG, Feb 20 (Reuters) - Overseas acquisitions by
Chinese buyers are cooling after two record years as Beijing
reins in capital outflows, but deals into China are on the rise,
and new rules will make it easier for foreign buyers to tap
China's giant consumer potential.
Read more
Chinese buyers are cooling after two record years as Beijing
reins in capital outflows, but deals into China are on the rise,
and new rules will make it easier for foreign buyers to tap
China's giant consumer potential.
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UPDATE 1-Trump administration drafts plan to raise asylum bar, speed deportations
(Adds proposed changes to deportation guidelines)
By Julia Edwards Ainsley
WASHINGTON, Feb 18 (Reuters) - The Department of Homeland
Security has prepared new guidance for immigration agents aimed
at speeding up deportations by denying asylum claims earlier in
the process.
The new guidelines, contained in a draft memo dated February
17 but not yet sent to field offices, directs agents to only
pass applicants who have a good chance of ultimately getting
asylum, but does not give spe
Read more
By Julia Edwards Ainsley
WASHINGTON, Feb 18 (Reuters) - The Department of Homeland
Security has prepared new guidance for immigration agents aimed
at speeding up deportations by denying asylum claims earlier in
the process.
The new guidelines, contained in a draft memo dated February
17 but not yet sent to field offices, directs agents to only
pass applicants who have a good chance of ultimately getting
asylum, but does not give spe
Read more
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